Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 (14 of 2012)

Schedule 2   Amendments related to assessments

Part 2   Alternative amendments

Taxation Administration Act 1953

19   After subsection 14ZW(1A)

Insert:

(1AB) The person cannot lodge a taxation objection against a private tax ruling that relates to an MRRT year and to a mining project interest or pre-mining project interest after the end of whichever of the following ends last:

(a) 60 days after the ruling was made;

(b) 4 years after the last day allowed to the person for lodging an MRRT return in relation to the MRRT year and the interest.

(1AC) Expressions used in subsection (1AB) have the same meaning as in the Income Tax Assessment Act 1997.