Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 (14 of 2012)

Schedule 3   Amendment of other Acts

Part 1   Amendments commencing at the same time as the Minerals Resource Rent Tax Act 2012 commences

Income Tax Assessment Act 1997

9   At the end of Division 15

Add:

15-85 Refunded excess rehabilitation tax offset

Your assessable income includes an amount the Commissioner pays you under paragraph 225-25(2)(b) of the Minerals Resource Rent Tax Act 2012.

Note: You can get a refund of excess rehabilitation tax offsets under section 225-25 of the Minerals Resource Rent Tax Act 2012.