MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-6 - INTEGRITY MEASURES  

Division 205 - Anti-profit shifting  

Guide to Division 205  

SECTION 205-1   205-1   WHAT THIS DIVISION IS ABOUT  

A miner ' s liability to pay MRRT must not be smaller than what that liability would be if the conditions operating between the miner and other entities in their commercial or financial relations were consistent with conditions that operate in comparable circumstances between parties dealing wholly independently with one another.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
205-5 Object of Division
205-10 Amounts to reflect independent dealings
205-15 Method to be used when determining amounts for the purposes of this Division
205-20 Commissioner may compensate entity or another entity
205-25 Commissioner determinations


 

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