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Word(s) in meaning: chat  "global warming"
Postal codes: USA: 81657, Canada: T5A 0A7

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What does PRRT stand for?

Petroleum Resource Rent Tax (Australia)


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This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government

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Samples in periodicals archive:
3) Bill 2009 (Cth) (Bill) amends, among other things, the Petroleum Resource Rent Tax Assessment Act 1987 (Cth) (PRRT Act).
Twenty-five per cent of expected Petroleum Resource Rent Tax revenue from the Gorgon project, worth up to AUD$100 million (US$81.
The 1997 result includes a net abnormal loss of $976 million after tax which comprised: $189 million write-down of Minerals' asset portfolio, $550 million write-down of some North American copper assets, $220 million charge for plant closures and labour provisions in Steel, and a $124 million write-down of Petroleum refinery assets partly offset by an abnormal profit of $107 million from settlement of the Petroleum Resource Rent Tax issue with the Victorian Government.
Petroleum resource rent tax and company tax expected to be paid over the life of the gas field is estimated at $1.

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