MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-2 - PRE-MINING PROJECT INTERESTS  

Division 140 - Pre-mining profits and royalty credits  

Guide to Division 140  

SECTION 140-1   140-1   WHAT THIS DIVISION IS ABOUT  

If an entity ' s pre-mining revenue for a pre-mining project interest exceeds its pre-mining expenditure, the excess is usually treated as a mining profit for a mining project interest.

Mining royalties can give rise to royalty credits for a pre-mining project interest.




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