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Schedule 17—Designated frontier areas

Schedule 17 Designated frontier areas

   

Offshore Petroleum and Greenhouse Gas Storage Act 2006

1  At the end of Schedule 6

Add:

43   Designated frontier areas for 2005

                   The Petroleum Resource Rent Tax Assessment Act 1987 has effect, and is taken always to have had effect, as if:

                     (a)  the following areas had been specified in an instrument made under subsection 36B(1) of that Act on 17 April 2005:

                              (i)  Area S05-2, as first gazetted in the South Australian Government Gazette on 14 April 2005 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ;

                             (ii)  Areas W05-5, W05-23 and W05-24, as first gazetted in the Western Australia Government Gazette on 15 April 2005 under subsection 20(1) of the repealed Petroleum (Submerged Lands) Act 1967 ; and

                     (b)  subsection 36B(3) of the Petroleum Resource Rent Tax Assessment Act 1987 did not apply to that instrument.