MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 6
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INTERPRETING THIS ACT
PART 6-2
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MEANING OF SOME IMPORTANT CONCEPTS
Division 250
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Meaning of hold
Operative Provisions
SECTION 250-10
WHEN CERTAIN STARTING BASE ASSETS ARE HELD
Assets treated as a single starting base asset
250-10(1)
Despite section 250-5 , a miner holds a single * starting base asset to which subsection 80-30(2) applies for the period during which the miner would be taken, under section 250-5 , to hold the * constituent assets of the single starting base asset.
Mine development expenditure
250-10(2)
Despite section 250-5 , a miner holds a * starting base asset that is * mine development expenditure relating to a mining project interest from the day the expenditure was incurred until the day on which the miner ceases to have the mining project interest.
Assets treated as a single starting base asset
250-10(1)
Despite section 250-5 , a miner holds a single * starting base asset to which subsection 80-30(2) applies for the period during which the miner would be taken, under section 250-5 , to hold the * constituent assets of the single starting base asset.
Mine development expenditure
250-10(2)
Despite section 250-5 , a miner holds a * starting base asset that is * mine development expenditure relating to a mining project interest from the day the expenditure was incurred until the day on which the miner ceases to have the mining project interest.
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