MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-2 - TRANSFERRED ROYALTY ALLOWANCES  

Division 65 - Transferred royalty allowances  

Operative provisions  

SECTION 65-10  

65-10   WHEN A MINER HAS A TRANSFERRED ROYALTY ALLOWANCE  
A miner has a transferred royalty allowance for a mining project interest for an * MRRT year if:


(a) there is an amount (a remaining profit ) by which the miner ' s * mining profit for the interest for the year exceeds the * royalty allowance (if any) that the miner has for the interest for the year; and


(b) there are one or more * royalty credits ( available royalty credits ) that, under section 65-20 , can be applied in working out the transferred royalty allowance for the interest for the year.




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