MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 6
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INTERPRETING THIS ACT
PART 6-2
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MEANING OF SOME IMPORTANT CONCEPTS
Division 255
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Integrated mining project interests
Operative provisions
SECTION 255-20
CHOICE TO INTEGRATE
255-20(1)
A choice under this section is to treat all mining project interests of the miner that satisfy paragraphs 255-10(a) to (d) at any time as * integrated , including interests the miner starts to have after making the choice.
The choice does not cease to have effect even if there are no mining project interests that satisfy paragraphs 255-10(a) to (d) at a time.
However, the choice ceases to have effect in relation to a particular mining project interest after the miner that made the choice stops having the interest.
A choice under this section is to treat all mining project interests of the miner that satisfy paragraphs 255-10(a) to (d) at any time as * integrated , including interests the miner starts to have after making the choice.
255-20(2)
The choice does not cease to have effect even if there are no mining project interests that satisfy paragraphs 255-10(a) to (d) at a time.
255-20(3)
However, the choice ceases to have effect in relation to a particular mining project interest after the miner that made the choice stops having the interest.
Note:
Division 119 in Schedule 1 to the Taxation Administration Act 1953 is about choices under the MRRT law.
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