MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-4 - VALUATION  

Division 175 - Alternative valuation method  

Subdivision 175-C - Amounts included in mining revenue under the alternative valuation method  

SECTION 175-35   DOWNSTREAM OPERATING COSTS  

175-35(1)    
The miner ' s downstream operating costs for the * MRRT year are the sum of the miner ' s expenditure, to the extent (if any) that each amount of expenditure meets the following requirements:

(a) it is necessarily incurred during the year in carrying on activities that:

(i) relate to a * taxable resource covered by the alternative valuation method for the year; and

(ii) happen between the * valuation point for the taxable resource and the time of the * mining revenue event mentioned in subsection 175-20(2) ;

(b) it is not a loss or outgoing of capital, or of a capital nature.

175-35(2)    
Disregard, for the purposes of subsection (1) , expenditure to the extent that it is * excluded expenditure .