Document ID: chunk:federal_register_of_legislation:C2024C00818:section:32
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 32
Character Range: 101064–101865

32  Deductible expenditure
  For the purposes of this Act, a reference to the deductible expenditure incurred by a person in a financial year in relation to a petroleum project (not being an ineligible project in relation to the financial year) is a reference to the total expenditure of the following kinds incurred by the person in the financial year in relation to the project:
 (a) class 1 augmented bond rate general expenditure;
 (b) class 1 augmented bond rate exploration expenditure;
 (c) class 2 uplifted general expenditure;
 (d) class 1 GDP factor expenditure;
 (e) class 2 uplifted exploration expenditure;
 (f) class 2 GDP factor expenditure;
 (fa) resource tax expenditure;
 (fc) starting base expenditure;
 (fd) augmented denied deductible expenditure;
 (g) closing‑down expenditure.