MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)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 10-15
10-15
THE EFFECT OF LOW PROFITS ON A MINER
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S LIABILITY FOR MRRT
If the miner has an offset under section 45-5 or 45-10 for the * MRRT year , the amount of MRRT that the miner must pay for the MRRT year is reduced by the amount of the offset.
If the miner has an offset under section 45-5 or 45-10 for the * MRRT year , the amount of MRRT that the miner must pay for the MRRT year is reduced by the amount of the offset.
Note 1:
For low profit offsets, see Part 2-4 .
Note 2:
A miner is not liable to pay MRRT for the MRRT year if the miner has chosen to use the simplified MRRT method under Division 200 .
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