MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)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 35
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Mining expenditure
Subdivision 35-A
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A miner
'
s mining expenditure
SECTION 35-10
GENERAL EXPENDITURE
35-10(1)
An amount of expenditure is included in a miner ' s * mining expenditure for a mining project interest for an * MRRT year to the extent that the miner necessarily incurred the amount, in that year, in the carrying on (by the miner or another * entity ) of * upstream mining operations for the mining project interest.
35-10(2)
The expenditure may be of either a capital or revenue nature.
An amount of expenditure is included in a miner ' s * mining expenditure for a mining project interest for an * MRRT year to the extent that the miner necessarily incurred the amount, in that year, in the carrying on (by the miner or another * entity ) of * upstream mining operations for the mining project interest.
35-10(2)
The expenditure may be of either a capital or revenue nature.
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