MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
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GENERAL LIABILITY RULES
PART 2-3
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MINING PROFITS
Division 30
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Mining revenue
Subdivision 30-C
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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.
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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