MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-3 - MINING PROFITS  

Division 30 - Mining revenue  

Subdivision 30-C - Other revenue  

SECTION 30-45   30-45   RECOUPMENT OF PAYMENTS THAT GIVE RISE TO ROYALTY CREDITS  
An amount is included in a miner ' s * mining revenue for a mining project interest for an * MRRT year if the amount is an excess royalty recoupment mentioned in subsection 60-30(2) for the interest.

Note:

Royalty recoupments are generally applied to reduce royalty credits under section 60-30 . However, if there are insufficient royalty credits the excess is mining revenue under this section.




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