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Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Bill 2006


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Consequential on the Petroleum Resource Rent Tax Assessment Amendment Bill 2006, the bill imposes as a tax the instalment transfer interest charge, a charge designed to recoup the time value of money associated with the transfer of exploration expenditure in working out a reduced quarterly instalment of petroleum resource rent tax that is subsequently reversed.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 25/05/06  
Second reading moved 25/05/06  
Second reading agreed to 14/06/06  
Third reading agreed to 14/06/06  
     
Senate
Introduced and read a first time 15/06/06  
Second reading moved 15/06/06  
Second reading agreed to 22/06/06  
Third reading agreed to 22/06/06  
     
Assent 30/06/06 Act no.: 79 - Year: 2006
     

Text of bill

  • First reading

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)