text: Current tax assets and liabilities are offset where a legally enforceable right of set-off exists and it is intended that 
  net settlement or simultaneous realisation and settlement of the respective asset and liability will occur. Deferred 
  tax assets and liabilities are offset where a legally enforceable right of set-off exists, the deferred tax assets and 
  liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different 
  taxable entities where it is intended that net settlement or simultaneous realisation and settlement of the respective 
  asset and liability will occur in future periods in which significant amounts of deferred tax assets or liabilities are 
  expected to be recovered or settled. 
  
  *Tax Consolidation*
  Sundance Energy Australia Limited and its wholly-owned Australian controlled entities have agreed to implement 
  the income tax consolidation regime, with Sundance Energy Australia Limited being the head company of the newly 
  consolidated group. Under this regime the group entities will be taxed as a single taxpayer. Whilst this choice is yet 
  to be communicated to the Australian Taxation Office, it is intended to be communicated prior to lodgement of the 
  31 December 2014 income tax return and will be effective from 1 January 2014. Sundance Energy Australia Limited 
  and its wholly-owned Australian controlled entities intend to enter into a Tax Sharing Agreement and Tax Funding 
  Agreement in due course. 