MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-1
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MINING PROJECT INTERESTS
Division 115
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Combining mining project interests
Subdivision 115-B
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When mining project interests are combined
SECTION 115-20
115-20
TRANSFERABILITY OF ROYALTY CREDITS
A * royalty credit that relates to one of the constituent interests complies with this section if, under section 65-20 (available royalty credits), the royalty credit could be applied in working out a * transferred royalty allowance for each of the other constituent interests for the * MRRT year if:
(a) the year were to end at the combining time; and
(b) subsection 65-20(2) were disregarded.
A * royalty credit that relates to one of the constituent interests complies with this section if, under section 65-20 (available royalty credits), the royalty credit could be applied in working out a * transferred royalty allowance for each of the other constituent interests for the * MRRT year if:
(a) the year were to end at the combining time; and
(b) subsection 65-20(2) were disregarded.
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