MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-4
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VALUATION
Division 175
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Alternative valuation method
Subdivision 175-C
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Amounts included in mining revenue under the alternative valuation method
SECTION 175-30
175-30
UNADJUSTED REVENUE AMOUNTS
The unadjusted revenue amount for a * taxable resource covered by the alternative valuation method for the * MRRT year is:
(a) if the amount relates to a * supply - the consideration received or receivable for the supply; or
(b) if the amount relates to an exportation from * Australia of the taxable resource, or a thing produced using the taxable resource - an amount equal to what would be the * arm ' s length consideration for a supply of the taxable resource or thing at the time and place the taxable resource or thing is loaded for export; or
(c) if the amount relates to use of a thing produced from the taxable resource - an amount equal to what would be the * arm ' s length consideration for a supply of the thing at the time and place of the use.
The unadjusted revenue amount for a * taxable resource covered by the alternative valuation method for the * MRRT year is:
(a) if the amount relates to a * supply - the consideration received or receivable for the supply; or
(b) if the amount relates to an exportation from * Australia of the taxable resource, or a thing produced using the taxable resource - an amount equal to what would be the * arm ' s length consideration for a supply of the taxable resource or thing at the time and place the taxable resource or thing is loaded for export; or
(c) if the amount relates to use of a thing produced from the taxable resource - an amount equal to what would be the * arm ' s length consideration for a supply of the thing at the time and place of the use.