Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 (14 of 2012)

Schedule 2   Amendments related to assessments

Part 1   Amendments

Taxation Administration Act 1953

7   At the end of section 155-90 in Schedule 1

Add:

(2) You cannot object under subsection (1) against an assessment ascertaining that:

(a) you have no *taxable mining profit for an *MRRT year; or

(b) you have a taxable mining profit and no *MRRT payable for an MRRT year;

unless you are seeking an increase in your liability.