MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-4 - MINING LOSS ALLOWANCES  

Division 75 - Mining loss allowances  

Operative provisions  

SECTION 75-15   THE AMOUNT OF A MINING LOSS ALLOWANCE  

75-15(1)  
The amount of the miner ' s * mining loss allowance is so much of the sum of the available mining losses as does not exceed the remaining profit.

75-15(2)  
In working out the amount of a * mining loss allowance , * mining losses are applied in the order in which they arise.




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