MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-2 - TRANSFERRED ROYALTY ALLOWANCES  

Division 65 - Transferred royalty allowances  

Operative provisions  

SECTION 65-10   65-10   WHEN A MINER HAS A TRANSFERRED ROYALTY ALLOWANCE  
A miner has a transferred royalty allowance for a mining project interest for an * MRRT year if:


(a) there is an amount (a remaining profit ) by which the miner ' s * mining profit for the interest for the year exceeds the * royalty allowance (if any) that the miner has for the interest for the year; and


(b) there are one or more * royalty credits ( available royalty credits ) that, under section 65-20 , can be applied in working out the transferred royalty allowance for the interest for the year.




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