Document ID: chunk:federal_register_of_legislation:C2024C00818:section:2:p9
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 2 (pt 9/9)
Character Range: 31848–32727

same meaning as in the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
year of tax, in relation to a person in relation to a petroleum project, means a financial year commencing on or after the applicable commencement date, being:
 (a) except in a case to which paragraph (b) applies—the first financial year in which assessable petroleum receipts are derived by the person in relation to the project or a subsequent financial year; or
 (b) if the project is a combined project and the person has, in a financial year before the financial year in which the project combination certificate in relation to the project comes into force, derived assessable petroleum receipts in relation to any of the pre‑combination projects in relation to the combined project—the financial year in which the project combination certificate comes into force or a subsequent financial year.