MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-7 - ENTITIES  

Division 215 - Consolidated groups  

Operative provisions  

SECTION 215-25   PROJECT INTERESTS TRANSFERRED TO LEAVING ENTITY ON LEAVING  

215-25(1)  
If:


(a) because of the application of section 215-15 , an * entity is taken at a particular time to stop being part of the * head company or * provisional head company of a group; and


(b) the entitlement comprising a mining project interest the entity has just after that time is all of the entitlement comprising the mining project interest the company had just before that time;

Division 120 applies as if each such mining project interest the entity has just after that time had been transferred from the company under a * mining project transfer .

215-25(2)  
If:


(a) because of the application of section 215-15 , an * entity is taken at a particular time to stop being part of the * head company or * provisional head company of a group; and


(b) a * pre-mining project interest the entity * holds just after that time is all of a pre-mining project interest the company held just before that time;

Division 145 applies as if each such pre-mining project interest the entity holds just after that time had been transferred from the company under a * pre-mining project transfer .




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