Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 7   Miscellaneous amendments

Part 1   Resource rent taxation

Minerals Resource Rent Tax Act 2012

15   After subsection 80-25(3)


(3A) For the purposes of subparagraphs (3)(b)(iii) and (iv), if:

(a) the asset is, or includes, the rights and interests that constitute the mining project interest; and

(b) the mining project interest did not exist immediately before 1 July 2012; and

(c) the mining project interest *originates from one or more *pre-mining project interests, or one or more parts of pre-mining project interests, that existed immediately before 1 July 2012;

assume that the mining project interest is a continuation of the pre-mining project interest.

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