MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 120 - Transferring mining project interests  

Operative provisions  

SECTION 120-5  

120-5   OBJECT OF THIS DIVISION  
The object of this Division is to ensure that, if a mining project interest is transferred:

(a) consistent with the MRRT being a project-based tax, matters relevant to the MRRT that are connected with the interest before the transfer remain connected with the interest after the transfer; and

(b) in particular, the * MRRT liability for the interest for the part of the * MRRT year before the transfer attaches to the miner who has the interest after the transfer, and not to the miner who had the interest before the transfer.