MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 6 - INTERPRETING THIS ACT  

PART 6-2 - MEANING OF SOME IMPORTANT CONCEPTS  

Division 250 - 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.




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