MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
A * royalty credit can be applied in working out a * transferred royalty allowance for a mining project interest for an * MRRT year (the transfer year ) if:
(a) the mining project interest and the mining project interest for which the royalty credit arises are * integrated at all times in the period:
(i) starting at the time the * royalty credit arises; and
(ii) ending at the end of the transfer year; and
For when a royalty credit arises, see section 60-20.
For when mining project interests are integrated , see Division 255 .
(b) the royalty credit does not relate to an MRRT year for which there was a choice to use the alternative valuation method under Division 175 in relation to the mining project interest for which the royalty credit arises. 65-20(2)
However, the * royalty credit cannot be applied to the extent it is applied in working out:
(a) a * royalty allowance ; or
(b) a * transferred royalty allowance ;
for another mining project interest for the year.