
TY  - JOUR
A1  - Thomas, Colin G. 
A1  - Hayne, Catherine A. 
T1  - THE IMPACT OF TAXATION LEGISLATION DEVELOPMENTS ON NON- RESIDENTS INVESTING IN AUSTRALIAN PETROLEUM PROJECTS
JF  - The APPEA Journal
JO  - The APPEA Journal
Y1  - 1989
VL  - 29
IS  - 1
SP  - 63
EP  - 71
KW  - 
UR  - https://doi.org/10.1071/AJ88010 
N2  - Australian legislation has recently undergone further developments which affect non- residents investing in Australian petroleum projects. The comments in this paper reflect our understanding of the law at November 1988.These legislative developments have occurred in foreign investment rules and primary tax areas such as the thin capitalisation and debt creation rules for nonresident investors, Australian capital gains tax including the new involuntary roll- over provisions, the Australian dividend imputation system, and secondary taxes such as state royalties and excises and petroleum resource rent tax.The purpose of this paper is to analyse some of the recent legislative developments from the viewpoint of a non- resident investing in Australian petroleum projects. Changes in most cases are incorporated in complex legislation, and full and proper consideration of the changes is warranted for taxpayers both to comply with the law and maximise shareholders&apos; financial returns. 
ER  -

