MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-2
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PRE-MINING PROJECT INTERESTS
Division 155
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Ending pre-mining project interests
Operative provisions
SECTION 155-20
CONTINUATION OF OBLIGATIONS ETC. AFTER THE TERMINATION DAY
155-20(1)
After the * termination day for a * pre-mining project interest , the last * entity to have * held the pre-mining project interest is taken, for the purposes of the * MRRT law , to continue to hold the pre-mining project interest:
(a) for the whole of the remainder of the * MRRT year in which the termination day happens; and
(b) for the whole of any later MRRT year.
155-20(2)
This section does not apply if the * termination day happens because a mining project interest * originates from the * pre-mining project interest .
After the * termination day for a * pre-mining project interest , the last * entity to have * held the pre-mining project interest is taken, for the purposes of the * MRRT law , to continue to hold the pre-mining project interest:
(a) for the whole of the remainder of the * MRRT year in which the termination day happens; and
(b) for the whole of any later MRRT year.
155-20(2)
This section does not apply if the * termination day happens because a mining project interest * originates from the * pre-mining project interest .
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