MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-1 - ROYALTY ALLOWANCES  

Division 60 - Royalty allowances  

Operative provisions  

SECTION 60-15   THE AMOUNT OF A ROYALTY ALLOWANCE  

60-15(1)  
The amount of the miner ' s * royalty allowance is so much of the sum of the available royalty credits as does not exceed the * mining profit .

60-15(2)  
In working out the amount of a * royalty allowance , available royalty credits are applied in the order in which they arise.

Note:

If an available royalty credit cannot be wholly applied in an MRRT year, the unapplied amount can be carried forward: see section 60-25 .




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