MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
A * head company of a * consolidated group or a * MEC group or a * provisional head company of a MEC group may, in writing, choose to apply this Division in relation to the group.
However, subsection (1) does not apply if a notice has not been given to the Commissioner under section 703-58 , 719-76 or 719-78 of the Income Tax Assessment Act 1997 in relation to the group.
The * head company or the * provisional head company must give the Commissioner notice of the choice in the * approved form :
(a) within 21 days after making the choice; or
(b) within such further period as the Commissioner allows. 215-10(4)
(a) has effect on and after the day the choice is made; and
(b) does not have effect after the * consolidated group or * MEC group ceases to exist.
Mining project interests the head company has just before a consolidated group or MEC group ceases to exist would be transferred or split (as the case requires) to the relevant entity at the time the group ceases to exist: see section 215-25 and 215-30 .
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.