MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 135 - 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.




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