MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)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 125
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Splitting mining project interests
Operative provisions
SECTION 125-15
MEANING OF
SPLIT PERCENTAGE
125-15(1)
The split percentage for a new interest a miner has just after a * mining project split is the percentage that best reflects a reasonable approximation of the * market value of the new interest, expressed as a percentage of the sum of the market values of all the new interests arising from the split.
125-15(2)
The * market values mentioned in subsection (1) are those values just after the * mining project split to which the new interest relates.
125-15(3)
To avoid doubt, the sum of the * split percentages for the new interests must equal 100 % .
The split percentage for a new interest a miner has just after a * mining project split is the percentage that best reflects a reasonable approximation of the * market value of the new interest, expressed as a percentage of the sum of the market values of all the new interests arising from the split.
125-15(2)
The * market values mentioned in subsection (1) are those values just after the * mining project split to which the new interest relates.
125-15(3)
To avoid doubt, the sum of the * split percentages for the new interests must equal 100 % .
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