Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 1   Resource rent taxation

Minerals Resource Rent Tax Act 2012

10   Subsection 45-10(1) (formula)

Repeal the formula, substitute:

((($75 million - Taper amount) x [3 / 2]) - Miner's group MRRT allowances) x Miner's share of group mining profit