MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 2
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GENERAL LIABILITY RULES
PART 2-5
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PAYMENT OF MRRT
Division 50
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How to work out when to pay MRRT
Operative provisions
SECTION 50-5
WHEN ASSESSED MRRT IS PAYABLE
50-5(1)
* Assessed MRRT that a miner must pay under section 10-20 for an * MRRT year is due and payable on the first day of the sixth month after the end of the MRRT year.
50-5(2)
To avoid doubt, the * assessed MRRT may be taken to have been due and payable at a time before the * assessment was made.
50-5(3)
If the Commissioner amends a miner ' s * assessment , any extra * assessed MRRT resulting from the amendment is due and payable 21 days after the day on which the Commissioner gives the miner notice of the amended assessment.
* Assessed MRRT that a miner must pay under section 10-20 for an * MRRT year is due and payable on the first day of the sixth month after the end of the MRRT year.
Example:
If the miner ' s MRRT year is the same as the financial year, the assessed MRRT would be due and payable on 1 December.
Note:
The Commissioner may defer the time at which the assessed MRRT is due and payable: see section 255-10 in Schedule 1 to the Taxation Administration Act 1953 .
50-5(2)
To avoid doubt, the * assessed MRRT may be taken to have been due and payable at a time before the * assessment was made.
50-5(3)
If the Commissioner amends a miner ' s * assessment , any extra * assessed MRRT resulting from the amendment is due and payable 21 days after the day on which the Commissioner gives the miner notice of the amended assessment.
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