MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-4 - VALUATION  

Division 175 - Alternative valuation method  

Subdivision 175-C - Amounts included in mining revenue under the alternative valuation method  

SECTION 175-20   WHEN AMOUNTS ARE INCLUDED IN MINING REVENUE UNDER THE ALTERNATIVE VALUATION METHOD  

175-20(1)    
If a miner chooses, for an * MRRT year , to use the alternative valuation method in relation to a mining project interest that the miner has, a single amount is included under section 30-10 , in the miner ' s * mining revenue for the interest for the year, relating to all amounts that:

(a) are to be included in the miner ' s mining revenue for the mining project interest for the year under section 30-10 ; and

(b) relate to * taxable resources that, under subsection (2) of this section, are covered by the alternative valuation method for the MRRT year.

The single amount is worked out under section 175-25 , instead of section 30-25 .

175-20(2)    
The alternative valuation method covers * taxable resources for the mining project interest for the year if an amount is included in the miner ' s * mining revenue for the mining project interest for the * MRRT year under section 30-10 because a * mining revenue event happens in relation to the resource.