Tuesday, 30 May, 2023 - 07:00
Significant modifications to the petroleum resource rent tax (PRRT) and clarification of exploration for petroleum
The Treasurer’s announcement on 7 May 2023 regarding significant proposed modifications to the Petroleum Resource Rent Tax (PRRT), subsequently confirmed in the 9 May 2023 Federal Budget, and the proposed Federal Budget measure to clarify the PRRT definition of exploration for petroleum, hav