Commonwealth Numbered Acts

PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987 No. 142, 1987 - SECT 6

6. For the purposes of this Act-

   (a)  a termination of the use of all property in relation to a petroleum
        project shall be taken to occur where the production licence or all of
        the production licences in relation to the project cease to be in
        force; and

   (b)  no termination of the use of property in relation to a petroleum
        project shall be taken to occur by reason of the specifying of the
        production licence or production licences in relation to the project
        in a project combination certificate.