MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-6 - TRANSFERRED PRE-MINING LOSS ALLOWANCES  

Division 95 - Transferred pre-mining loss allowances  

Guide to Division 95  

SECTION 95-1   WHAT THIS DIVISION IS ABOUT  

Transferred pre-mining loss allowances enable a miner ' s MRRT liability for a mining project interest for an MRRT year to be reduced by pre-mining losses relating to certain other pre-mining project interests that the miner has, or that a closely associated entity has.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
95-5 Object of this Division
95-10 When a miner has a transferred pre-mining loss allowance
95-15 The amount of a transferred pre-mining loss allowance
95-20 Available pre-mining losses for a transferred pre-mining loss allowance
95-25 Cap on available pre-mining losses
95-30 The pre-mining loss cap




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