MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
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GENERAL LIABILITY RULES
PART 2-3
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MINING PROFITS
Division 35
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Mining expenditure
Subdivision 35-B
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Excluded expenditure
SECTION 35-35
COST OF ACQUIRING RIGHTS AND INTERESTS IN PROJECTS
35-35(1)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring, or acquiring an interest in, a * production right covering an area, unless the expenditure is in relation to the grant of the production right.
35-35(2)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring a mining project interest.
35-35(3)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring an interest in profits, receipts or expenditures of, or relating to, a mining project interest.
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring, or acquiring an interest in, a * production right covering an area, unless the expenditure is in relation to the grant of the production right.
35-35(2)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring a mining project interest.
35-35(3)
An amount of expenditure is excluded expenditure to the extent that it relates to acquiring an interest in profits, receipts or expenditures of, or relating to, a mining project interest.
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