MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-5
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ACCOUNTING FOR MRRT
Division 200
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Simplified MRRT method
Guide to Division 200
SECTION 200-1
200-1
WHAT THIS DIVISION IS ABOUT
A miner can choose to use the simplified MRRT method for an MRRT year if the miner ' s group profit is below certain limits.
If the miner chooses to use the method, the miner has no MRRT liabilities for the year, and any allowance components for a mining project interest or a pre-mining project interest cease to exist.
| Operative provisions | |
| 200-5 | Effect of the simplified MRRT method |
| 200-10 | Choosing to use the simplified MRRT method |
| 200-15 | Working out an entity ' s profit for simplified MRRT method purposes |
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