Draft Taxation Determination

TD 2013/D6W - Withdrawal

Minerals resource rent tax: can an amount of expenditure incurred by an entity to identify or protect Aboriginal cultural heritage be included in the entity's pre-mining expenditure for a pre-mining project interest for an MRRT year under section 70-35 of the Minerals Resource Rent Tax Act 2012?

  • Please note that the PDF version is the authorised version of this ruling.

Notice of Withdrawal

Taxation Determination TD 2013/D6 is withdrawn with effect from 1 October 2014.

1. This draft Determination explained when an amount of expenditure incurred by an entity to identify or protect Aboriginal cultural heritage can be included in an entity's pre mining expenditure for a pre mining project interest for an MRRT year under section 70 35 of the Minerals Resource Rent Tax Act 2012 (MRRTA).

2. The Minerals Resource Rent Tax Repeal and Other Measures Act 2014 received royal assent on 5 September 2014. Schedule 1 to this Act, which repeals the minerals resource rent tax (MRRT) law commenced on 30 September 2014. Entities will not accrue further MRRT liabilities from 1 October 2014.

3. Accordingly this Determination is withdrawn.

Commissioner of Taxation
1 October 2014

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References

ATO references:
NO 1-4XITYOB

ISSN: 1038-8982