MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-5 - PAYMENT OF MRRT  

Division 50 - How to work out when to pay MRRT  

Operative provisions  

SECTION 50-15  

50-15   GENERAL INTEREST CHARGE PAYABLE ON UNPAID ASSESSED MRRT OR SHORTFALL INTEREST CHARGE  
If an amount of * assessed MRRT or * shortfall interest charge that a miner is liable to pay remains unpaid after the time by which it is due to be paid, the miner is liable to pay the * general interest charge on the unpaid amount for each day in the period that:

(a) starts at the beginning of the day on which the amount was due to be paid; and

(b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:

(i) the assessed MRRT or shortfall interest charge;

(ii) general interest charge on any of the assessed MRRT or shortfall interest charge.