Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 1   Resource rent taxation

Minerals Resource Rent Tax Act 2012

40   Subsection 145-15(2) (note)

Repeal the note, substitute:

Note 1: Under section 145-30, a mining project interest originating from a pre-mining project interest may be taken to be a pre-mining project transfer.

Note 2: If the original explorer's MRRT year starts before the new explorer's MRRT year, the effect of this provision is that amounts from before the start of the new explorer's MRRT year are taken into account for the new explorer in the new explorer's MRRT year.