MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 3
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MRRT ALLOWANCES
PART 3-1
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ROYALTY ALLOWANCES
Division 60
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Royalty allowances
Operative provisions
SECTION 60-15
THE AMOUNT OF A ROYALTY ALLOWANCE
60-15(1)
The amount of the miner ' s * royalty allowance is so much of the sum of the available royalty credits as does not exceed the * mining profit .
60-15(2)
In working out the amount of a * royalty allowance , available royalty credits are applied in the order in which they arise.
The amount of the miner ' s * royalty allowance is so much of the sum of the available royalty credits as does not exceed the * mining profit .
60-15(2)
In working out the amount of a * royalty allowance , available royalty credits are applied in the order in which they arise.
Note:
If an available royalty credit cannot be wholly applied in an MRRT year, the unapplied amount can be carried forward: see section 60-25 .
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