MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-2 - PRE-MINING PROJECT INTERESTS  

Division 140 - Pre-mining profits and royalty credits  

Subdivision 140-A - Pre-mining profits  

SECTION 140-15  

140-15   EFFECT ON ALLOWANCE COMPONENTS FOR OTHER MINING PROJECT INTERESTS  
If:

(a) an entity ' s liability to pay MRRT in relation to a * pre-mining project interest is worked out under section 140-10 ; and

(b) in working out the liability under that section, an * allowance component is wholly or partly applied in relation to the pre-mining project interest as if it were a mining project interest;

the allowance component is taken, for the purposes of this Act, to be applied to the same extent in relation to a mining project interest.