MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-2 - PRE-MINING PROJECT INTERESTS  

Division 155 - Ending pre-mining project interests  

Operative provisions  

SECTION 155-10   THE EFFECT OF RENEWING OR CHANGING EXPLORATION RIGHTS  

155-10(1)    
A change in, or a renewal of, the * exploration right to which a * pre-mining project interest relates does not cause the * termination day for the pre-mining project interest to happen.

155-10(2)    
However, if the change in, or the renewal of, the * exploration right results in the exploration right covering an additional area:

(a) the * project area for the * pre-mining project interest does not include that additional area, unless the additional area is insignificant; and

(b) to avoid doubt, the additional area is the project area for another pre-mining project interest, unless the additional area is insignificant.

155-10(3)    
In determining, for the purposes of subsection (2), whether an additional area is insignificant, assume that the additional area includes any other such additional areas that have been included in the * project area for the * pre-mining project interest because of a previous application of that subsection.

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