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
17 Subsection 80-45(1) (paragraph (b) of the definition of uplift factor )
Repeal the paragraph, substitute:
(b) if, under Division 85, the market value approach is the valuation approach for the mining project interest:
Sum of the *index numbers for the quarters in the year ending on 31 March just before the start of the relevant financial year / Sum of the *index numbers for the quarters in the year ending on the previous 31 March
relevant financial year is:
(i) if the *MRRT year is a *financial year - the MRRT year; or
(ii) if the MRRT year is not a financial year - the financial year corresponding to the MRRT year.
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).