MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
Consolidated groups and MEC groups (groups of entities that are treated as single entities for income tax purposes) can choose to consolidate for MRRT purposes.
Following a choice to consolidate, subsidiary members are treated as part of the head company of the group for certain purposes, such as calculating MRRT payable.
Mining project interests that a subsidiary member brings to the group on joining are treated as having been transferred to the head company.
Mining project interests that a subsidiary member takes with it on leaving are treated as having been transferred from the head company to the member.
| Operative provisions | |
| 215-5 | Objects of this Division |
| 215-10 | Choice to consolidate for MRRT purposes |
| 215-15 | Single entity rule |
| 215-20 | Project interests transferred to head company etc. on joining |
| 215-25 | Project interests transferred to leaving entity on leaving |
| 215-30 | Mining project interests etc. split to leaving entity on leaving |
| 215-35 | Acquisition of consolidated group by another consolidated group etc. |
| 215-40 | Instalment rates for leaving entity or new head company |
| 215-45 | Effect of choice to continue group after shelf company becomes new head company |
| 215-50 | Effect of change of head company or provisional head company of a MEC group |
| 215-55 | Effect of group conversions involving MEC groups |
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