MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
-
GENERAL LIABILITY RULES
PART 2-3
-
MINING PROFITS
Division 35
-
Mining expenditure
Subdivision 35-B
-
Excluded expenditure
SECTION 35-35
COST OF ACQUIRING RIGHTS AND INTERESTS IN PROJECTS
35-35(1)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring, or acquiring an interest in, a * production right covering an area, unless the expenditure is in relation to the grant of the production right. 35-35(2)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring a mining project interest. 35-35(3)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring an interest in profits, receipts or expenditures of, or relating to, a mining project interest.
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring, or acquiring an interest in, a * production right covering an area, unless the expenditure is in relation to the grant of the production right. 35-35(2)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring a mining project interest. 35-35(3)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring an interest in profits, receipts or expenditures of, or relating to, a mining project interest.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.