MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-4 - VALUATION  

Division 175 - Alternative valuation method  

Subdivision 175-C - 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.




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