MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
CHAPTER 6
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INTERPRETING THIS ACT
PART 6-2
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MEANING OF SOME IMPORTANT CONCEPTS
Division 250
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Meaning of hold
Guide to Division 250
SECTION 250-1
250-1
WHAT THIS DIVISION IS ABOUT
(a) determining who is entitled to a starting base loss for an asset; and
(b) determining depreciation amounts relevant for the alternative valuation method; and
(c) entitlement to pre-mining project interests.
The concept of hold is relevant to:
Operative provisions | |
250-5 | Meaning of hold |
250-10 | When certain starting base assets are held |
250-15 | Things that are jointly held |
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