MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
CHAPTER 2
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GENERAL LIABILITY RULES
PART 2-1
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CORE RULES
Division 10
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Core rules
SECTION 10-10
10-10
MRRT ALLOWANCES
The MRRT allowances , and the order in which they are applied in working out * MRRT liabilities , are as follows:
The MRRT allowances , and the order in which they are applied in working out * MRRT liabilities , are as follows:
| MRRT allowances | ||
| Item | Order of applying the MRRT allowances | See : |
| 1 | * Royalty allowance | Part 3-1 |
| 2 | * Transferred royalty allowance | Part 3-2 |
| 3 | * Pre-mining loss allowance | Part 3-3 |
| 4 | * Mining loss allowance | Part 3-4 |
| 5 | * Starting base allowance | Part 3-5 |
| 6 | * Transferred pre-mining loss allowance | Part 3-6 |
| 7 | * Transferred mining loss allowance | Part 3-7 |
Note:
MRRT allowances are made up of allowance components, up to the amount of the relevant mining profit.
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