MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-3 - MINING PROFITS  

Division 35 - Mining expenditure  

Subdivision 35-B - Excluded expenditure  

SECTION 35-50   35-50   FINANCING COSTS  
An amount of expenditure is excluded expenditure to the extent that it relates to:


(a) an * arrangement that gives rise to a * financial arrangement ; or


(b) an * equity interest that is a financial arrangement; or


(c) a * scheme that gives rise to an equity interest issued by the miner.

Examples:
  • (a) borrowing costs, exit fees or interest payments relating to a loan, or repayments of principal; and
  • (b) payments of dividends or payments for buying back or cancelling shares.



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