MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
The amount of the miner ' s * transferred mining loss allowance is so much of the sum of the available mining losses as does not exceed the remaining profit.
100-15(2)
In working out the amount of a * transferred mining loss allowance , * mining losses are applied in the order in which they arise, but the miner may choose the order in which to apply mining losses that arise at the same time.
Note:
Division 119 in Schedule 1 to the Taxation Administration Act 1953 is about choices under the MRRT law.
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