MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 2 - GENERAL LIABILITY RULES  

PART 2-3 - MINING PROFITS  

Division 30 - Mining revenue  

Subdivision 30-C - Other revenue  

SECTION 30-55   AMOUNTS THAT DO NOT RELATE TO A PARTICULAR MINING REVENUE EVENT  

30-55(1)    
An amount is included in a miner ' s * mining revenue for a mining project interest for an * MRRT year to the extent that:

(a) during the year, the amount is received, or becomes receivable, by the miner; and

(b) the amount is received, or becomes receivable, for a * supply , or a proposed supply, of:

(i) * taxable resources extracted, or proposed to be extracted, from the * project area for the mining project interest; or

(ii) things produced, or proposed to be produced, using such taxable resources; and

(c) the amount does not relate to a particular * mining revenue event.

30-55(2)    
However, subsection (1) does not apply if the only reason the amount does not relate to a particular * mining revenue event is that paragraph 30-20(2)(a) prevents the supply from being an * initial supply.