MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
A mining revenue event happens in relation to a * taxable resource extracted from the * project area for a mining project interest if the miner who has the interest:
(a) makes an * initial supply of the taxable resource, but not after its exportation from * Australia ; or
(b) exports the taxable resource from Australia, but not after paragraph (a) has applied to the taxable resource; or
(c) makes an initial supply of or uses, or exports from Australia, something produced using the taxable resource, but not after:
(i) paragraph (a) or (b) has already applied in relation to the taxable resource; or
(ii) this paragraph has already applied in relation to the thing produced using the taxable resource.
There is at least one mining revenue event in relation to each quantity of taxable resource. However, there could only be more than one mining revenue event in relation to a quantity of taxable resource if more than one thing is produced from it.
There are 2 mining revenue events in relation to a quantity of coal if it is extracted then consumed producing both electricity and fly-ash.
However, a mining revenue event does not happen for use of a thing produced using a * taxable resource , to the extent that:
(a) the use takes place in the course of operations or activities of a kind mentioned in paragraph 35-20(1)(a) for the mining project interest; and
(b) those operations or activities do not involve doing anything to, or with, other taxable resources extracted from the * project area for the interest after those other taxable resources reach the form and location they are in when a mining revenue event happens in relation to them; and
(c) the use does not give rise to:
(i) an amount of * mining expenditure for the miner; or
(ii) an amount that is taken into account for the miner under step 2 of the method statement in section 30-25 ; or
(iii) an amount that is taken into account for the miner under step 3 of the method statement in section 175-25 (alternative valuation method).
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