Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 3

Schedule 1--Reduction in 2009‑10 PAYG instalments                                     4

Part 1--Main amendments                                                                                            4

Taxation Administration Act 1953                                                                           4

Part 2--Sunsetting on 1 July 2014                                                                             5

Taxation Administration Act 1953                                                                           5

Part 3--Application provision                                                                                      6

Schedule 2--Choosing annual PAYG instalments if voluntarily registered for GST           7

Income Tax Assessment Act 1997                                                                              7

Taxation Administration Act 1953                                                                           7

Schedule 3--Petroleum resource rent tax                                                              10

Part 1--Functional currency                                                                                       10

Petroleum Resource Rent Tax Assessment Act 1987                                           10

Part 2--Exploration expenditure etc.                                                                      32

Petroleum Resource Rent Tax Assessment Act 1987                                           32

Part 3--Processing of internal petroleum                                                               36

Petroleum Resource Rent Tax Assessment Act 1987                                           36

Part 4--Designated frontier areas                                                                             39

Petroleum Resource Rent Tax Assessment Act 1987                                           39

Schedule 4--Deductible gift recipients                                                                     40

Income Tax Assessment Act 1997                                                                            40

 

 

 

Tax Laws Amendment (2009 Measures No. 3) Act 2009

No. 47, 2009

 

An Act to amend the law relating to taxation, and for related purposes

[Assented to 24 June 2009]

The Parliament of Australia enacts:

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