MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 125 - Splitting mining project interests  

Operative provisions  

SECTION 125-15   MEANING OF SPLIT PERCENTAGE  

125-15(1)  
The split percentage for a new interest a miner has just after a * mining project split is the percentage that best reflects a reasonable approximation of the * market value of the new interest, expressed as a percentage of the sum of the market values of all the new interests arising from the split.

125-15(2)  
The * market values mentioned in subsection (1) are those values just after the * mining project split to which the new interest relates.

125-15(3)  
To avoid doubt, the sum of the * split percentages for the new interests must equal 100 % .




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