MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-4 - MINING LOSS ALLOWANCES  

Division 75 - Mining loss allowances  

Operative provisions  

SECTION 75-5  

75-5   OBJECTS OF THIS DIVISION  
The objects of this Division are:

(a) to allow * mining losses of a mining project interest to be applied in later years; and

(b) to provide an uplift for unapplied mining losses which compensates for:

(i) the delay where mining losses are applied in a later year; and

(ii) the risk that mining losses may not be able to be applied in a later year.