you can do it sxy , page-23

Chobby, the thought of the ATO paying our oilers to drill for oil would be akin to the ATO subsidising the whole Energy Industry and so in fairyland. No thatsubsidising caper is strictly the domain of the non-commercial renewable energy sources like Solar and Wind so it works the other way around, ie. oilers and colleries pay extra taxes to make them less efficient or commercially viable projects which is in comparison to expensive unreliable wind and solar renewables.

The ATO collects the new expanded PRRT and the rules and instructions are unbelievably complex I wish you luck trying to figure out which PRRT expenditure is deductible and by which JV party.
try this link and be warned it leads to more links and about a week's reading;

http://ato.gov.au/Forms/Instructions-for-PRRT-return/

Here is a tiny sample below of where it begins

Read these instructions before completing the Petroleum resource rent tax (PRRT) deductible expenditure schedule (NAT 74264).

Complete a separate PRRT deductible expenditure schedule for the entity's interest in each petroleum project for which it is lodging its first PRRT return.


Consolidation does not alter the fact that PRRT is calculated separately for each project.

Example: Members of a wholly owned group hold a number of interests in three separate onshore petroleum projects. Upon consolidating the three projects for PRRT, the head company will be taken to hold a single interest in each of the three projects. The head company will be responsible for the PRRT obligations for each project. This means that the head company lodges three PRRT returns for each year of tax – one for each project.
End of attention
All amounts on the PRRT return need to be expressed in Australian dollars. Round down to whole dollar amounts (do not include cents).


Find out more

For more information you can:
refer to Lodging, reporting and paying

visit our website ato.gov.au/prrt
phone us on 13 28 66 between 8.00am and 6.00pm, Monday to Friday
refer to the Petroleum Resource Rent Tax Assessment Act 1987.
End of find out more
PRRT return information

If this is an amendment to a previously lodged PRRT return, indicate the amendment number in the box provided (1 for first amendment, 2 for second amendment, and so on). Fill out the form in full. Do not just provide the information affected by the amendment.


Find out more

See 'Correcting mistakes in a PRRT return'.
End of find out more
The year of tax for PRRT begins on 1 July and ends on 30 June the following year. Provide the relevant years to signify the start and the end of the year of tax.

Section A: Entity information

Attention
For a PRRT consolidated group (or a Multiple Entry Consolidated (MEC) group), the head company or provisional head company of the group will lodge PRRT returns for onshore projects on behalf of the group