MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-1 - CORE RULES  

Division 10 - Core rules  

SECTION 10-15   10-15   THE EFFECT OF LOW PROFITS ON A MINER ' S LIABILITY FOR MRRT  
If the miner has an offset under section 45-5 or 45-10 for the * MRRT year , the amount of MRRT that the miner must pay for the MRRT year is reduced by the amount of the offset.

Note 1:

For low profit offsets, see Part 2-4 .

Note 2:

A miner is not liable to pay MRRT for the MRRT year if the miner has chosen to use the simplified MRRT method under Division 200 .




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