MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)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 135
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Ending mining project interests
Operative provisions
SECTION 135-25
CONTINUATION OF OBLIGATIONS ETC. AFTER THE TERMINATION DAY
135-25(1)
After the * termination day for a mining project interest, the last * entity to have had the mining project interest is taken, for the purposes of the * MRRT law , to continue to have the mining project interest:
(a) for the whole of the remainder of the * MRRT year in which the termination day happens; and
(b) for the whole of any later MRRT year.
135-25(2)
If the * entity is not a miner during a period in which this section applies to the entity after the * termination day , this section applies as if the entity continues to be a miner during that period.
After the * termination day for a mining project interest, the last * entity to have had the mining project interest is taken, for the purposes of the * MRRT law , to continue to have the mining project interest:
(a) for the whole of the remainder of the * MRRT year in which the termination day happens; and
(b) for the whole of any later MRRT year.
135-25(2)
If the * entity is not a miner during a period in which this section applies to the entity after the * termination day , this section applies as if the entity continues to be a miner during that period.
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