MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-3 - MINING PROFITS  

Division 30 - Mining revenue  

Guide to Division 30  

SECTION 30-1  

30-1   WHAT THIS DIVISION IS ABOUT  

A miner ' s mining revenue for a mining project interest may consist of revenue from:

  • (a) taxable resources extracted from the project area for the mining project interest, to the extent that the revenue is reasonably attributable to the taxable resources in the form and place they were in when they were at their valuation point; and
  • (b) recoupment of mining expenditure relating to the mining project interest; and
  • (c) compensation for loss of taxable resources for the mining project interest; and
  • (d) amounts for supply of taxable resources if the amounts are not attributable to particular taxable resources.

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