MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
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.
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 ).
|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|