MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 115 - Combining mining project interests  

Subdivision 115-B - When mining project interests are combined  

SECTION 115-30  

115-30   TRANSFERABILITY OF MINING LOSSES  
An existing mining loss that relates to one of the constituent interests complies with this section if:

(a) under subsection 100-20(1) (available mining losses), the existing mining loss could be applied in working out a * transferred mining loss allowance for each of the other constituent interests for the * MRRT year if:

(i) the year were to end at the combining time; and

(ii) subsection 100-20(2) were disregarded; and

(b) in a case where one or more of the constituent interests is a combined interest under a previous application of this Division - section 115-60 does not prevent the existing mining loss from being so applied.