MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 3
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MRRT ALLOWANCES
PART 3-4
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MINING LOSS ALLOWANCES
Division 75
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Mining loss allowances
Operative provisions
SECTION 75-5
75-5
OBJECTS OF THIS DIVISION
The objects of this Division are:
(a) to allow * mining losses of a mining project interest to be applied in later years; and
(b) to provide an uplift for unapplied mining losses which compensates for:
The objects of this Division are:
(a) to allow * mining losses of a mining project interest to be applied in later years; and
(b) to provide an uplift for unapplied mining losses which compensates for:
(i) the delay where mining losses are applied in a later year; and
(ii) the risk that mining losses may not be able to be applied in a later year.
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