MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
-
GENERAL LIABILITY RULES
PART 2-3
-
MINING PROFITS
Division 30
-
Mining revenue
Subdivision 30-A
-
A miner
'
s mining revenue
SECTION 30-5
30-5
A MINER
'
S
MINING REVENUE
A miner ' s mining revenue for a mining project interest that the miner has, for an * MRRT year , is the sum of all the amounts that, under this Act, are included in the miner ' s mining revenue for that interest for that year.(a) amounts that are in effect recoupment of the value of starting base assets (see section
90-65
);
(b) certain pre-mining profits (see section
140-20
);
(c) amounts arising as a result of adjustments to take account of changes in circumstances (see Division
160
);
(d) amounts arising as a result of balancing adjustment events for starting base assets (see Division
165
).
A miner ' s mining revenue for a mining project interest that the miner has, for an * MRRT year , is the sum of all the amounts that, under this Act, are included in the miner ' s mining revenue for that interest for that year.
Note:
Most of the amounts are covered by this Division. However, the following amounts may also be included in a miner ' s mining revenue:
View history note
Hide history noteThis information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.