MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-5 - ACCOUNTING FOR MRRT  

Division 190 - Substituted accounting periods  

Guide to Division 190  

SECTION 190-1   190-1   WHAT THIS DIVISION IS ABOUT  

If an entity has, for income tax purposes, accounting periods that are not financial years, those periods are also MRRT years. However, this principle is modified to deal with overlaps and gaps caused by changes to an entity ' s accounting periods.

Note:

This Division modifies the general rule under section 10-25 that the MRRT years are financial years.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
190-5 Object of this Division
190-10 Accounting periods recognised for income tax purposes
190-15 Changes in accounting periods
190-20 The effect of transitional accounting periods on threshold amounts
190-25 The effect of transitional accounting periods on uplift factors




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