MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 3
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MRRT ALLOWANCES
PART 3-4
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MINING LOSS ALLOWANCES
Division 75
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Mining loss allowances
Guide to Division 75
SECTION 75-1
75-1
WHAT THIS DIVISION IS ABOUT
Mining loss allowances enable mining losses to reduce the miner ' s MRRT liability for the same mining project interest for a later MRRT year.
Mining losses that are not applied in an MRRT year are uplifted and may be able to be applied in later years.
Note:
Mining losses that are not applied to a mining loss allowance may be applied to transferred mining loss allowances for other mining project interests (see Division 100 ).
| Operative provisions | |
| 75-5 | Objects of this Division |
| 75-10 | When a miner has a mining loss allowance |
| 75-15 | The amount of a mining loss allowance |
| 75-20 | Mining losses |
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