Petroleum Resource Rent Tax Assessment Act 1987
In forceact
Summary
40% PRRT on offshore + Bass Strait onshore petroleum project profits. Substantially reformed 2023 (deductible expenditure cap from 1 July 2024).
Topics
taxmining-resources
Administered by
Source: https://www.legislation.gov.au/Series/C2004A03386. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.