MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-5 - ACCOUNTING FOR MRRT  

Division 200 - Simplified MRRT method  

Guide to Division 200  

SECTION 200-1   200-1   WHAT THIS DIVISION IS ABOUT  

A miner can choose to use the simplified MRRT method for an MRRT year if the miner ' s group profit is below certain limits.

If the miner chooses to use the method, the miner has no MRRT liabilities for the year, and any allowance components for a mining project interest or a pre-mining project interest cease to exist.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
200-5 Effect of the simplified MRRT method
200-10 Choosing to use the simplified MRRT method
200-15 Working out an entity ' s profit for simplified MRRT method purposes




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