Esso Australia Resources Pty Ltd v Commissioner of Taxation [2024] FCA 87

FEDERAL COURT OF AUSTRALIA

Esso Australia Resources Pty Ltd v Commissioner of Taxation [2024] FCA 87 File number(s): VID 764 of 2021

Judgment of: HESPE J

Date of judgment: 16 February 2024

Catchwords: TAXATION – petroleum resource rent tax – payments under Gas Processing Agreement – monthly reservation fees – settlement sum – assessable petroleum receipts – assessable tolling receipts – assessable property receipts – derivation

Legislation: Petroleum Resource Rent Tax Assessment Amendment Act 2012 (Cth) Petroleum Resource Rent Tax Assessment Act 1987 (Cth) ss 24A, 27, 30

Cases cited: Archibald Howie Pty Ltd v Commissioner of Stamp Duties (NSW) [1948] HCA 28; (1948) 77 CLR 143 Arthur Murray (NSW) Pty Ltd v Commissioner of Taxation [1965] HCA 58; (1965) 114 CLR 314 Coles Supermarkets Australia Pty Ltd v Commissioner of Taxation [2019] FCA 1582 Commissioner of Taxation v Brambles Holding Ltd (1991) 28 FCR 451 Commissioner of Taxation v Northumberland Developments (1995) 59 FCR 103 Commissioner of Taxation v Orica Ltd [1998] HCA 33; (1998) 194 CLR 500 Commissioner of Taxes (Vic) v Phillips [1936] HCA 11; (1936) 55 CLR 144 Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1; (2022) 275 CLR 165 Esso Australia Resources Pty Ltd v Commissioner of Taxation [2011] FCA 360; (2011) 194 FCR 32 Esso Australia Resources Pty Ltd v Commissioner of Taxation [2011] FCAFC 154; (2011) 199 FCR 226 Glenboig Union Fireclay Co Ltd v Inland Revenue Commissioners (1922) 12 TC 427 Otto Australia Pty Ltd v Commissioner of Taxation (1991) 28 FCR 477 PTTEP Australasia (Ashmore Cartier) Pty Ltd v Federal Commissioner of Taxation [2014] FCAFC 71; (2014) 222 FCR 592 Radaich v Smith [1959] HCA 45; (1959) 101 CLR 209 Woodside Energy Ltd v Commissioner of Taxation [2009] FCAFC 12; (2009) 174 FCR 91