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

The Petroleum Resource Rent Tax (Instalment Transfer Interest Charge Imposition) Act 2006 (Act No. 79 of 2006) is an Australian Act that imposes an instalment transfer interest charge as a tax in certain circumstances. The Act states that this charge is payable under section 98A of the Petroleum Resource Rent Tax Assessment Act 1987. The Act also outlines the commencement date, which is 1 July 2006. Furthermore, the Act provides that the instalment transfer interest charge is only imposed to the extent that it cannot be validly imposed otherwise than as a tax.

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