MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-6 - INTEGRITY MEASURES  

Division 210 - Anti-avoidance  

Subdivision 210-A - Application of this Division  

SECTION 210-10   WHEN DOES THIS DIVISION APPLY?   General rule

210-10(1)  
This Division applies if:


(a) an * entity gets or got an * MRRT benefit from a * scheme ; and


(b) the MRRT benefit is not attributable to the making, by any entity, of a choice (however described) expressly provided for by a * taxation law (other than a choice under Subdivision 960-D of the Income Tax Assessment Act 1997 ); and


(c) taking account of the matters described in section 210-20 , it is reasonable to conclude that an entity that (whether alone or with others) entered into or carried out the scheme, or part of the scheme, did so with the sole or dominant purpose of that entity or another entity:


(i) getting an MRRT benefit from the scheme; or

(ii) both getting an MRRT benefit from the scheme and reducing one or more of its liabilities to which subsection (5) applies; and


(d) the scheme:


(i) has been or is entered into on or after 2 May 2010; or

(ii) has been or is carried out or commenced on or after that day (other than a scheme that was entered into before that day).

210-10(2)  
It does not matter whether the * scheme , or any part of the scheme, was entered into or carried out inside or outside Australia.

210-10(3)  
An * MRRT benefit that the * entity gets or got from a * scheme is not taken, for the purposes of paragraph (1)(b), to be attributable to a choice of a kind referred to in that paragraph if:


(a) the scheme, or part of the scheme, was entered into or carried out for the purpose of creating a circumstance or state of affairs; and


(b) the existence of the circumstance or state of affairs is necessary to enable the choice to be made. Operation of this Division not limited

210-10(4)  
The operation of this Division is not limited by:


(a) the * MRRT law (apart from this Division); or


(b) the International Tax Agreements Act 1953 . Other liabilities

210-10(5)  
This subsection applies to any of the following liabilities:


(a) tax under an * Australian law (other than the * MRRT law );


(b) tax under a * foreign law ;


(c) a * mining royalty .


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.