MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-1
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MINING PROJECT INTERESTS
Division 130
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Winding down mining project interests
Operative provisions
SECTION 130-20
RESTARTING COMMERCIAL PRODUCTION
130-20(1)
If, after the * suspension day for a mining project interest happens, the miner that has the interest is carrying on * upstream mining operations for the interest with a view to restarting commercial production of * taxable resources from the * project area for the interest, for the purposes of the * MRRT law :
(a) the interest (the original interest ) is taken to cease to exist; and
(b) a separate mining project interest relating to extraction of taxable resources from the project area is taken to come into existence at that time. 130-20(2)
To avoid doubt, the original interest ceasing to exist and the separate mining project interest coming into existence do not constitute a * mining project transfer .
If, after the * suspension day for a mining project interest happens, the miner that has the interest is carrying on * upstream mining operations for the interest with a view to restarting commercial production of * taxable resources from the * project area for the interest, for the purposes of the * MRRT law :
(a) the interest (the original interest ) is taken to cease to exist; and
(b) a separate mining project interest relating to extraction of taxable resources from the project area is taken to come into existence at that time. 130-20(2)
To avoid doubt, the original interest ceasing to exist and the separate mining project interest coming into existence do not constitute a * mining project transfer .
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