MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]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.
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.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.