MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 130 - Winding down mining project interests  

Operative provisions  

SECTION 130-20   RESTARTING COMMERCIAL PRODUCTION  

130-20(1)    
If, after the * suspension day for a mining project interest happens, the miner that has the interest is carrying on * upstream mining operations for the interest with a view to restarting commercial production of * taxable resources from the * project area for the interest, for the purposes of the * MRRT law :

(a) the interest (the original interest ) is taken to cease to exist; and

(b) a separate mining project interest relating to extraction of taxable resources from the project area is taken to come into existence at that time.

130-20(2)    
To avoid doubt, the original interest ceasing to exist and the separate mining project interest coming into existence do not constitute a * mining project transfer .