Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
PTTEP Australasia (Ashmore Cartier) Pty Ltd v Commissioner of Taxation [2013] FCA 1175 Citation: PTTEP Australasia (Ashmore Cartier) Pty Ltd v Commissioner of Taxation [2013] FCA 1175
Parties: PTTEP AUSTRALASIA (ASHMORE CARTIER) PTY LTD v COMMISSIONER OF TAXATION
File numbers: VID 294 of 2013 VID 295 of 2013 VID 296 of 2013
Judge: GORDON J
Date of judgment: 11 November 2013
Catchwords: TAXATION – Liability to tax in relation to a petroleum project – taxable profit being the consideration receivable less expenses payable in relation to a sale – sale of crude oil – contractual sale terms – taxing point – assessable petroleum receipts – deductible expenditure – expenses payable in relation to sale of petroleum
Legislation: Petroleum Resource Rent Tax Act 1987 (Cth) Petroleum Resource Rent Tax Assessment Act 1987 (Cth) Petroleum (Submerged Lands) Act 1967 (Cth) Petroleum Resource Rent Tax Assessment Bill 1986 (Cth) Petroleum Resource Rent Tax Assessment Bill 1987 (Cth) Explanatory Memorandum, Petroleum Resource Rent Tax Assessment Bill 1986 (Cth)
Cases cited: Esso Australia Resources Pty Ltd v Federal Commissioner of Taxation (2011) 194 FCR 32 Esso Australia Resources Pty Ltd v Federal Commissioner of Taxation (2011) 199 FCR 226 Esso Australia Resources Pty Ltd v Federal Commissioner of Taxation (2012) 200 FCR 100 Woodside Energy Ltd v Federal Commissioner of Taxation (No 2) (2007) 69 ATR 465 Woodside Energy Ltd v Federal Commissioner of Taxation (2009) 174 FCR 91
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate