MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-2 - PRE-MINING PROJECT INTERESTS  

Division 150 - Splitting pre-mining project interests  

Operative provisions  

SECTION 150-5  

150-5   OBJECT OF THIS DIVISION  
The object of this Division is to ensure that, if a * pre-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) the * MRRT liability for the interest for the part of the * MRRT year before the split attaches (to the appropriate extents) to the explorers who have the split interests after the split.