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PRRT_assist@Deloitte – PRRT Advanced Workshop: RPM

Tax event | April 2013

Tax event
Event name: PRRT_assist@Deloitte – PRRT Advanced Workshop: RPM
Event date: Wednesday, 24 April 2013
Event time: 8:45 a.m. for 9:00 a.m. commencement.
Session ends at approximately 12:00 p.m.
Location: Deloitte, Perth
Address: Level 14,
240 St Georges Terrace,
Perth WA 6000
Speakers and hosts: Harold Payne, Partner
Kenneth Wee, Partner
Jonathan Schneider, Partner
Food and beverage: Morning tea provided.
Please advise Leisha Fontana of any dietary requirements when registering.
Enquiries: Leisha Fontana,
Tel: +61 8 9365 7245
RSVP: Leisha Fontana
Cost: $198 (inclusive of GST)
20% discount on total registration fees when two or more registrations are received from the same organisation.


Integrated gas-to-liquids (GTL) projects have the option of using the Residual Pricing Methodology (RPM) under the Gas Transfer Price Regulations to calculate their Petroleum Resource Rent Tax (PRRT) liability.

This practical, hands-on, advanced course is aimed at finance, accounting and tax personnel responsible for attending to PRRT compliance obligations in relation to integrated GTL operations. It is also designed for those involved with the economic modelling of such projects. The workshop will be run within a classroom-style setting to facilitate participant interaction and uses practical case studies and practice exercises to illustrate the operation of the RPM.

The session will cover the following areas:

  • Overview of the gas transfer price framework
  • Identifying an integrated GTL project and the relevant participants
  • Application of the RPM to alternative integrated GTL project structures 
  • RPM calculation methodology
  • Cost-plus price calculation
  • Netback price calculation
  • Phase points and phase costs
  • Volume and energy coefficients
  • Augmentation, reduction and annualisation of capital costs
  • Identifying personal costs
  • Modifications for the North West Shelf and onshore projects
  • Interaction between the RPM and PRRT instalment calculations
  • Current issues and some common tricks and traps.

Learning materials will be provided to participants and there will be ample opportunity for questions during the workshop.We look forward to seeing you.

Need a refresher on the basics of PRRT? Click here to register for our fundamentals PRRT course.

Presenter Profiles:

Harold Payne, Partner
Harold has 30 years’ tax consulting experience, specialising in advising clients on cross-border transactions and has assisted a number of oil and gas companies with PRRT compliance and planning, development and review of PRRT models, PRRT due diligence, advising on PRRT issues in M&A transactions, assisting in ATO PRRT audits and PRRT advocacy.

Kenneth Wee, Partner
Kenneth has more than 10 years’ experience in providing PRRT advice to a range of multinational oil and gas clients, including assisting clients with PRRT compliance, reviewing PRRT and RPM models, undertaking PRRT due diligence and providing technical PRRT advice on major transactions and GTL project structures. Kenneth has been closely involved in the extension of the PRRT regime to the onshore petroleum sector.

Jonathan Schneider, Partner
Jonathan has more than 10 years’ experience in providing extensive Australian taxation advice on international corporate structures, cross-border transactions, profit repatriation and acquisitions of major Australian oil and gas assets by multinational companies, as well as the application of the PRRT.


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