MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 3
-
MRRT ALLOWANCES
PART 3-7
-
TRANSFERRED MINING LOSS ALLOWANCES
Division 100
-
Transferred mining loss allowances
Operative provisions
SECTION 100-10
100-10
WHEN A MINER HAS A TRANSFERRED MINING LOSS ALLOWANCE
A miner has a transferred mining loss allowance for a mining project interest for an * MRRT year if:
(a) there is an amount (a remaining profit ) by which the miner ' s * mining profit for the interest for the year exceeds the sum of all the * higher ranking allowances (if any) that the miner has for the interest for the year; and
(b) there are one or more * mining losses ( available mining losses ) that, under section 100-20 , can be applied in working out the transferred mining loss allowance for the interest for the year.
A miner has a transferred mining loss allowance for a mining project interest for an * MRRT year if:
(a) there is an amount (a remaining profit ) by which the miner ' s * mining profit for the interest for the year exceeds the sum of all the * higher ranking allowances (if any) that the miner has for the interest for the year; and
(b) there are one or more * mining losses ( available mining losses ) that, under section 100-20 , can be applied in working out the transferred mining loss allowance for the interest for the year.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.