MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 125 - Splitting mining project interests  

Guide to Division 125  

SECTION 125-1   125-1   WHAT THIS DIVISION IS ABOUT  

If a mining project interest is split, in most respects the new miners take over from the original miner in relation to MRRT matters, each to an extent appropriate to their share of the split. In particular, each new miner bears an appropriate share of the MRRT liability for the year of the split.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
125-5 Object of this Division
125-10 Effect of mining project split
125-15 Meaning of split percentage
125-20 Effect of transferred property
125-25 Effect of MRRT liability from earlier years on rehabilitation tax offset amounts
125-30 Events happening after mining project split
125-35 Start of mining venture taken to be mining project split




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