MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-1
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MINING PROJECT INTERESTS
Division 125
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Splitting mining project interests
Guide to Division 125
SECTION 125-1
125-1
WHAT THIS DIVISION IS ABOUT
If a mining project interest is split, in most respects the new miners take over from the original miner in relation to MRRT matters, each to an extent appropriate to their share of the split. In particular, each new miner bears an appropriate share of the MRRT liability for the year of the split.
| Operative provisions | |
| 125-5 | Object of this Division |
| 125-10 | Effect of mining project split |
| 125-15 | Meaning of split percentage |
| 125-20 | Effect of transferred property |
| 125-25 | Effect of MRRT liability from earlier years on rehabilitation tax offset amounts |
| 125-30 | Events happening after mining project split |
| 125-35 | Start of mining venture taken to be mining project split |