MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 115 - Combining mining project interests  

Subdivision 115-B - When mining project interests are combined  

SECTION 115-20  

115-20   TRANSFERABILITY OF ROYALTY CREDITS  
A * royalty credit that relates to one of the constituent interests complies with this section if, under section 65-20 (available royalty credits), the royalty credit could be applied in working out a * transferred royalty allowance for each of the other constituent interests for the * MRRT year if:

(a) the year were to end at the combining time; and

(b) subsection 65-20(2) were disregarded.