Finance Act 1994 · s 31

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31.
Amendment of section 2
The Petroleum (Income Tax) Act 1967, which is referred to as the ³principal Act´ in this Chapter, is amended in section 2²
(a) in the definition of ³chargeable person´ in subsection
(1), by inserting after subparagraph (i) the following subparagraph:
³(i) Malaysia-Thailand Joint Authority,´;
(b) in the definition of ³chargeable person´ in subsection
(1), by renumbering the existing subparagraph (ii) as subparagraph (iii);

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(c) by inserting after the definition of ³entertainment´ in subsection (1) the following definition:
³Joint Development Area´ has the meaning assigned thereto by the Malaysia-Thailand Joint Authority Act 1990 [Act 440];¶;
(d) in the definition of ³petroleum agreement´ in subsection
(1), by inserting after the words ³Petroleum Nasional
Berhad´ the words ³or the Malaysia-Thailand Joint
Authority´;
(e) in subsection (2), by inserting after the words ³Petroleum
Nasional Berhad´ the words ³or the Malaysia-Thailand
Joint Authority´;
(f) in subparagraph (4)(a)(ii), by inserting after the words ³Petroleum Nasional Berhad´ the words ³or the Malaysia-Thailand Joint Authority´; and
(g) by inserting after subsection (4) the following subsection:
³(5) For the purposes of this Act, the date of production in relation to a petroleum agreement with the Malaysia-Thailand Joint Authority means the date of first commercial production of petroleum under that agreement.´.

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s 31Amendment of section 2

The Petroleum (Income Tax) Act 1967, which is referred to as the ³principal Act´ in this Chapter, is amended in section 2²

(a)

in the definition of ³chargeable person´ in subsection

(1)

, by inserting after subparagraph (i) the following subparagraph:

³(i) Malaysia-Thailand Joint Authority,´;

(b)

in the definition of ³chargeable person´ in subsection

(1)

, by renumbering the existing subparagraph (ii) as subparagraph (iii);

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(c)

by inserting after the definition of ³entertainment´ in subsection (1) the following definition:

³Joint Development Area´ has the meaning assigned thereto by the Malaysia-Thailand Joint Authority Act 1990 [Act 440];¶;

(d)

in the definition of ³petroleum agreement´ in subsection

(1)

, by inserting after the words ³Petroleum Nasional

Berhad´ the words ³or the Malaysia-Thailand Joint

Authority´;

(e)

in subsection (2), by inserting after the words ³Petroleum

Nasional Berhad´ the words ³or the Malaysia-Thailand

Joint Authority´;

(f)

in subparagraph (4)(a)(ii), by inserting after the words ³Petroleum Nasional Berhad´ the words ³or the Malaysia-Thailand Joint Authority´; and

(g)

by inserting after subsection (4) the following subsection:

³(5) For the purposes of this Act, the date of production in relation to a petroleum agreement with the Malaysia-Thailand Joint Authority means the date of first commercial production of petroleum under that agreement.´.