MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-2 - TRANSFERRED ROYALTY ALLOWANCES  

Division 65 - Transferred royalty allowances  

Guide to Division 65  

SECTION 65-1   WHAT THIS DIVISION IS ABOUT  

A miner ' s MRRT liability for a mining project interest may be reduced by mining royalties, paid to the Commonwealth, States and Territories, that relate to one or more other mining project interests.

The interests must satisfy an integration test from the time the royalty is incurred to the time it reduces the MRRT liability.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
65-5 Object of this Division
65-10 When a miner has a transferred royalty allowance
65-15 The amount of a transferred royalty allowance
65-20 Available royalty credits




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.