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
43 At the end of subsection 150-15(2)
; (e) if the new explorer is the same *entity as the original explorer - the amount of the *pre-mining loss cap (if any) for the original interest.
Note: If the new explorer is not the same entity as the original explorer, a new pre-mining loss cap arises for the new interest under section 95-30.