MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-7
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ENTITIES
Division 215
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Consolidated groups
Operative provisions
SECTION 215-20
215-20
PROJECT INTERESTS TRANSFERRED TO HEAD COMPANY ETC. ON JOINING
If, because of the application of section 215-15 , an * entity is taken at a particular time to start being part of the * head company or * provisional head company of a group:
(a) Division 120 applies as if each mining project interest the entity had just before that time had been transferred to the company under a * mining project transfer ; and
(b) Division 145 applies as if each * pre-mining project interest the entity * held just before that time had been transferred to the company under a * pre-mining project transfer .
If, because of the application of section 215-15 , an * entity is taken at a particular time to start being part of the * head company or * provisional head company of a group:
(a) Division 120 applies as if each mining project interest the entity had just before that time had been transferred to the company under a * mining project transfer ; and
(b) Division 145 applies as if each * pre-mining project interest the entity * held just before that time had been transferred to the company under a * pre-mining project transfer .
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