MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-2
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PRE-MINING PROJECT INTERESTS
Division 140
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Pre-mining profits and royalty credits
Guide to Division 140
SECTION 140-1
140-1
WHAT THIS DIVISION IS ABOUT
If an entity ' s pre-mining revenue for a pre-mining project interest exceeds its pre-mining expenditure, the excess is usually treated as a mining profit for a mining project interest.
Mining royalties can give rise to royalty credits for a pre-mining project interest.
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