MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-7 - ENTITIES  

Division 215 - Consolidated groups  

Operative provisions  

SECTION 215-30   MINING PROJECT INTERESTS ETC. SPLIT TO LEAVING ENTITY ON LEAVING  

215-30(1)    
If:

(a) because of the application of section 215-15 , an * entity is taken at a particular time to stop being part of the * head company or * provisional head company of a group; and

(b) the entitlement comprising a mining project interest the entity has just after that time is part, but not all, of the entitlement comprising the mining project interest the company had just before that time;

Division 125 applies as if a * mining project split had happened in relation to the interests.

215-30(2)    
If:

(a) because of the application of section 215-15 , an * entity is taken at a particular time to stop being part of the * head company or * provisional head company of a group; and

(b) a * pre-mining project interest the entity * holds just after that time is part, but not all, of a pre-mining project interest the company held just before that time;

Division 150 applies as if a * pre-mining project split had happened in relation to the interests.