MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 6 - INTERPRETING THIS ACT  

PART 6-2 - MEANING OF SOME IMPORTANT CONCEPTS  

Division 255 - Integrated mining project interests  

Operative provisions  

SECTION 255-15   MEANING OF DOWNSTREAM MINING OPERATIONS  

250-15(1)  
* Mining operations for a mining project interest are downstream mining operations for the mining project interest to the extent the operations are not * upstream mining operations .

Note:

For upstream mining operations , see section 35-15 .

Examples:

The following are some examples of operations or activities that might be downstream mining operations:

  • (a) treating taxable resources by crushing, weighing, sampling, assaying and refining them after extraction (if this is after the valuation point for the resources);
  • (b) training, engaging, employing, paying, accommodating and ensuring the safety of personnel, and other supportive head office activities, to the extent they are involved in operations or activities relating to getting the taxable resources from the valuation point into the form they are in when the mining revenue event happens;
  • (c) developing plans and engineering specifications for, and constructing, facilities (whether in the project area or not) to be used in recovering, transporting and storing taxable resources after they reach their valuation point but before they are in the form they are in when the mining revenue event happens;
  • (d) acquiring and maintaining plant or equipment for use in recovering, transporting or storing taxable resources after they reach their valuation point but before they are in the form they are in when the mining revenue event happens;
  • (e) upgrading computer software used to control inventory (like consumables and spare parts) used for recovering, transporting or storing taxable resources after they reach their valuation point but before they are in the form they are in when the mining revenue event happens.
  • 250-15(2)  
    It does not matter where, or when, the operations are carried out.


     

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