
%0 Journal Article
%A Henderson, R. 
%A Franchina, C. 
%A Wiseman, H. 
%T BUYING AND SELLING PETROLEUM INTERESTS&#x2014;IMPACT OF TAX CONSOLIDATION AND OTHER TAX REFORM MEASURES
%J The APPEA Journal
%D 2005/06/30
%V 45
%N 1
%P 643-656
%K 
%R https://doi.org/10.1071/AJ04048
%U https://www.publish.csiro.au/paper/AJ04048 
%X The new tax consolidation system, together with a number of other recent tax reform measures, has lead to a paradigm shift in the way in which the acquisition and sale of petroleum interests are treated for taxation purposes in Australia. In an industry where ownership interests in exploration and production fields regularly change hands, it is important that senior executives and decision-makers have a clear understanding of the impact of the new tax rules.This paper focusses on the commercial impact of these tax changes and is aimed at executives in the oil and gas industry with commercial, technical, legal or financial responsibilities.Board members will also have an interest to ensure that the risks arising out of the new rules are adequately addressed, and that shareholder value is being preserved. 
