MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)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 120
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Transferring mining project interests
Operative provisions
SECTION 120-5
120-5
OBJECT OF THIS DIVISION
The object of this Division is to ensure that, if a mining project interest is transferred:
(a) consistent with the MRRT being a project-based tax, matters relevant to the MRRT that are connected with the interest before the transfer remain connected with the interest after the transfer; and
(b) in particular, the * MRRT liability for the interest for the part of the * MRRT year before the transfer attaches to the miner who has the interest after the transfer, and not to the miner who had the interest before the transfer.
The object of this Division is to ensure that, if a mining project interest is transferred:
(a) consistent with the MRRT being a project-based tax, matters relevant to the MRRT that are connected with the interest before the transfer remain connected with the interest after the transfer; and
(b) in particular, the * MRRT liability for the interest for the part of the * MRRT year before the transfer attaches to the miner who has the interest after the transfer, and not to the miner who had the interest before the transfer.
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