MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
A pre-mining profit arises for an * MRRT year if:
(a) during the year, an * entity * holds a * pre-mining project interest ; and
(b) the entity ' s * pre-mining revenue for the interest for the year exceeds the entity ' s * pre-mining expenditure for the interest for the year. 140-5(2)
In that year, the amount of the * pre-mining profit is the amount of the excess.
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