MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-1
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MINING PROJECT INTERESTS
Division 125
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Splitting mining project interests
Operative provisions
SECTION 125-5
125-5
OBJECT OF THIS DIVISION
The object of this Division is to ensure that, if a mining project interest is split:
(a) consistent with the MRRT being a project-based tax, matters relevant to the MRRT that are connected with the interest before the split remain connected (to the appropriate extents) with the split interests after the split; and
(b) in particular, the * MRRT liability for the interest for the part of the * MRRT year before the split attaches (to the appropriate extents) to the miners who have the split interests after the split.
The object of this Division is to ensure that, if a mining project interest is split:
(a) consistent with the MRRT being a project-based tax, matters relevant to the MRRT that are connected with the interest before the split remain connected (to the appropriate extents) with the split interests after the split; and
(b) in particular, the * MRRT liability for the interest for the part of the * MRRT year before the split attaches (to the appropriate extents) to the miners who have the split interests after the split.
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