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Proposed Interpretation 10XX: Australian Petroleum Resource Rent Tax
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The Institute has lodged its submission to the AASB on their proposed interpretation 10XX Australian Petroleum Resource Rent Tax. The Institute did not express a strong view on whether PRRT should be accounted for as a tax or a royalty, but was concerned of the international ramifications of the AASB interpreting and International standard. 
 
The submission is available for download here.