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Journal of Australian Energy Producers
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RESEARCH ARTICLE (Non peer reviewed)
Contents Vol 51 (Conference Proceedings)

Tax opportunities to bring value back into companies*

R. Henderson A and N. O’Connor B
+ Author Affiliations
- Author Affiliations

A KPMG Sydney.

B KPMG Perth.

The APPEA Journal 51(2) 711-711 https://doi.org/10.1071/AJ10091
Published: 2011

Abstract

This extended abstract will provide oil and gas executives and their broader teams with an understanding of some of the broader tax challenges and opportunities facing their industry. Key topics to be discussed are:

  1. Practical issues arising out of the proposed extension of the PRRT system to onshore oil and gas.

  2. Henry Report—what else did he say (i.e. covering non-RSPT aspects)?

  3. Exploration/development cut-off for income tax and PRRT.

  4. Large scale oil and gas and LNG projects—getting the tax aspects right.

The issues will be delivered in a non-technical commercial format, and will be suitable for people from all junior explorers to the major producers. A major focus of the presentation will be in exploring how these and other tax topics can be used by oil and gas executives to bring value back to their companies.

Rod Henderson is a tax partner based in KPMG’s Sydney office. He has extensive experience in the energy and natural resources industry, specialising in all forms of resource taxation. Rod is the National Tax Leader of KPMG’s ENR Tax Group. Rod assists industry with government submissions on tax reforms. He has presented at many APPEA conferences on a range of industry tax issues.

Nathan O’Connor is a partner in KPMG’s Perth tax practice with more than 13 years of experience servicing the corporate tax requirements of KPMG’s clients. He leads a team of dedicated tax professionals, providing advice on income tax and capital gains tax matters that affect the energy and natural resources industries in Australia and overseas including oil and gas projects in the Timor Sea and North West Shelf. Nathan also leads the Perth office’s petroleum royalty practice.