MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
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GENERAL LIABILITY RULES
PART 2-3
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MINING PROFITS
Division 30
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Mining revenue
Subdivision 30-D
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Miscellaneous
SECTION 30-65
30-65
EXPENDITURE INCURRED IN CAUSING AMOUNTS TO BE RECEIVED ETC.
An amount that, under Subdivision 30-B or 30-C , is to be included in a miner ' s * mining revenue for a mining project interest for an * MRRT year is reduced to the extent that:
(a) the miner necessarily incurred any expenditure in enforcing the miner ' s entitlement to receive the amount; and
(b) the expenditure does not relate to any other amount; and
(c) the expenditure was not * mining expenditure for the mining project interest; and
(d) the expenditure was not * excluded expenditure .
An amount that, under Subdivision 30-B or 30-C , is to be included in a miner ' s * mining revenue for a mining project interest for an * MRRT year is reduced to the extent that:
(a) the miner necessarily incurred any expenditure in enforcing the miner ' s entitlement to receive the amount; and
(b) the expenditure does not relate to any other amount; and
(c) the expenditure was not * mining expenditure for the mining project interest; and
(d) the expenditure was not * excluded expenditure .
Note:
This section ensures that the costs associated with mining revenue, but not dealt with under Division 35 , are taken into account.
Example:
If a miner undertakes litigation to receive compensation for damage to the miner ' s taxable resources, the amount included in the miner ' s mining revenue under section 30-50 would be reduced under this section to take account of the miner ' s litigation costs.
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