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  • Section G: Additional questions

    Question 30 Has the entity chosen to use the alternative valuation method to determine its mining revenue?

    If the entity is not eligible to, or has not chosen to, use the alternative valuation method place an X in the ‘No’ box.

    If the entity is eligible, and has chosen to use the alternative valuation method for the MPI for the return period, place an X in the ‘Yes’ box and go to question 32.

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    MRRT adjustments, concessions and offsets

    End of find out more

    Question 31 Has the entity used the safe harbour method to determine its mining revenue?

    If the entity has not chosen to use the safe harbour method to value its mining revenue, place an X in the 'No' box.

    If the entity has chosen to use the safe harbour method under subsection 30-25(5) of the Minerals Resource Rent Tax Act 2012 to value its mining revenue for this MPI for the return period, place an X in the ‘Yes’ box.

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    How to work out mining revenue

    End of find out more

    Question 32 Did the entity have mining revenue events involving related entities where the sum of revenue amounts exceeded $25 million?

    Attention

    For questions 32 and 33, a related entity is an entity that fits within the definition in paragraph 30–40(1)(a) of the Minerals Resource Rent Tax Act 2012. That is, an entity is a related entity if the entity is any of the following:

    • the miner
    • an entity connected with the miner
    • an affiliate of the miner
    • an entity of which the miner is an affiliate
    • an affiliate of an entity connected with the miner
    • an entity connected with another entity connected with the miner
    • an entity connected with an affiliate of the miner
    • an entity connected with an affiliate of an entity connected with the miner.
    End of attention

    If the entity did not have any mining revenue events involving related entities for the MPI during the return period where the sum of revenue amounts exceeded $25 million, place an X in the ‘No’ box.

    If the entity had any mining revenue events involving related entities during the return period and where the sum of revenue amounts exceeded $25 million, place an X in the ‘Yes’ box. Insert at label 32W the sum of revenue amounts from mining revenue events (before reasonable attribution).

    Question 33 Were downstream mining operations conducted by related entities where the consideration for downstream operations exceeded $25 million?

    If none of the entity’s downstream operations were conducted by related entities where the consideration for downstream operations exceeded $25 million, place an X in the ‘No’ box.

    If any of the entity’s downstream operations were conducted by related entities where the consideration exceeded $25 million, place an X in the ‘Yes’ box.

    Last modified: 13 Sep 2013QC 26704