MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-3 - MINING PROFITS  

Division 35 - Mining expenditure  

Subdivision 35-B - Excluded expenditure  

SECTION 35-35   COST OF ACQUIRING RIGHTS AND INTERESTS IN PROJECTS  

35-35(1)  
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring, or acquiring an interest in, a * production right covering an area, unless the expenditure is in relation to the grant of the production right.

35-35(2)  
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring a mining project interest.

35-35(3)  
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring an interest in profits, receipts or expenditures of, or relating to, a mining project interest.




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