MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-4 - VALUATION  

Division 175 - Alternative valuation method  

Subdivision 175-C - Amounts included in mining revenue under the alternative valuation method  

SECTION 175-45   RETURN ON CAPITAL COSTS  

175-45(1)    
The return on the miner ' s capital costs for the * MRRT year is as follows:

where:

total adjustable values
is the sum of the amounts that would be, for that year, the * opening adjustable values of the assets to which section 175-40 applies if the assumptions mentioned in subsection (3) of that section were made.

175-45(2)    
However, that amount is reduced to the extent (if any) that, during the year, those assets are not used, * installed ready for use or being constructed for use in operations that satisfy paragraphs 175-40(1)(b) and (c) .