MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-4 - MINING LOSS ALLOWANCES  

Division 75 - Mining loss allowances  

Guide to Division 75  

SECTION 75-1   75-1   WHAT THIS DIVISION IS ABOUT  

Mining loss allowances enable mining losses to reduce the miner ' s MRRT liability for the same mining project interest for a later MRRT year.

Mining losses that are not applied in an MRRT year are uplifted and may be able to be applied in later years.

Note:

Mining losses that are not applied to a mining loss allowance may be applied to transferred mining loss allowances for other mining project interests (see Division 100 ).


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
75-5 Objects of this Division
75-10 When a miner has a mining loss allowance
75-15 The amount of a mining loss allowance
75-20 Mining losses




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.