MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-2 - PRE-MINING PROJECT INTERESTS  

Division 145 - Transferring pre-mining project interests  

Operative provisions  

SECTION 145-5  

145-5   OBJECT OF THIS DIVISION  
The object of this Division is to ensure that, if a * pre-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) the * MRRT liability for the interest for the part of the * MRRT year before the transfer attaches to the explorer who has the interest after the transfer, and not to the explorer who had the interest before the transfer.