At question 1, insert the entity’s Australian business number (ABN). At question 2, insert the entity's tax file number (TFN) to help us correctly identify the entity (you don’t have to provide this information). At question 3, insert the entity's legal name. This information allows us to correctly identify the entity lodging the return.
If the entity's legal name has changed since it last lodged an MRRT form with us, provide the entity’s previous full legal name at question 4.
If the entity's business location or address for MRRT has changed since it last notified us, print the current business location or address of the entity at question 5.
If the entity's postal address for MRRT has changed since it last notified us, print the current postal address of the entity at question 6.
Question 7: Has the entity chosen to be bound by the functional currency rules for income tax purposes?
If the entity has not chosen a functional currency for income tax purposes, place an X in the ‘No’ box at question 7 and go to question 10.
A functional currency for income tax purposes must be a currency other than Australian dollars. If the entity uses Australian dollars for income tax accounting purposes, place an X in the ‘No’ box at question 7 and go to question 10.
If the entity has chosen a functional currency for income tax purposes, place an X in the ‘Yes’ box at question 7. The entity uses the same functional currency for MRRT.
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Question 8: Functional currency translation rate used for mining profit
Provide the exchange rate (rounded to four significant figures) used to translate mining profit from the applicable functional currency into Australian dollars at question 8. The exchange rate day is the last day of the MRRT year for a mining profit for an MPI.
The translation rate is the amount by which the functional currency amount is divided in order to reflect an equivalent amount of Australian dollars. It is the number of non-Australian dollar currency units that equal one Australian dollar, rounded to four significant figures.
Find out more:
- Foreign exchange (forex)
Question 9: State the applicable functional currency code
Provide the functional currency code at question 9.
Next step:
Question 10: Is the entity the head company of a consolidated group or MEC group for MRRT?
If the entity is not the head company or provisional head company of a consolidated group or multiple entry consolidated (MEC) group for MRRT, place an X in the ‘No’ box.
If the entity is the head company or provisional head company of a consolidated group or MEC group for income tax purposes, and it has chosen to consolidate for MRRT purposes, place an X in the ‘Yes’ box.
If the entity is part of an MRRT consolidated group or MEC group but is not the head company or provisional head company, it should not be lodging this MRRT return.
Find out more:
- Consolidation for MRRT purposes
Question 11: Was a downstream integration choice made during the return period?
If the entity has not made a downstream integration choice, or the downstream integration choice was made outside of the period for this return, place an X in the 'No' box.
If the entity has made a downstream integration choice during the return period, place an X in the ‘Yes’ box.
Find out more:
- Combining, transferring or splitting MRRT interests
Question 12: Is this the entity's final MRRT return?
If this is not the entity’s final MRRT return, place an X in the ‘No’ box and go to Section B.
If this is the last MRRT return the entity will be required to lodge, place an X in the ‘Yes’ box. If ‘Yes’, provide the reason why this is the entity’s last MRRT return by placing an X in the box next to the most appropriate reason. If no given reason is appropriate, place an X in the ‘Other’ box and print the reason in the field provided.