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On Wednesday 5 March 2014, Len Hertzman CTA (Ashurst) attended a meeting of the RRT Working Group. At the meeting, various issues were discussed, including:

  • An update was given in relation to the MRRT;
  • Deductible expenditure for PRRT purposes; and
  • The PRRT exploration expenditure draft ruling.

Members who seek further information in relation to the above should contact us at Tax Policy.