MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 6
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INTERPRETING THIS ACT
PART 6-2
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MEANING OF SOME IMPORTANT CONCEPTS
Division 250
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Meaning of hold
Operative Provisions
SECTION 250-15
250-15
THINGS THAT ARE JOINTLY HELD
The * MRRT law applies to a thing referred to in subsection 250-5(2) (the underlying thing ) that an * entity * holds , and that is also held by one or more other entities, as if each entity ' s interest in the thing were itself the underlying thing.
The * MRRT law applies to a thing referred to in subsection 250-5(2) (the underlying thing ) that an * entity * holds , and that is also held by one or more other entities, as if each entity ' s interest in the thing were itself the underlying thing.
Note:
Partners do not hold partnership assets: see subsection 250-5(1) and table item 7 in section 40-40 of the Income Tax Assessment Act 1997 .
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