MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
If the * termination day for a * pre-mining project interest happens in a particular * MRRT year , an * allowance component relating to the pre-mining project interest:
(a) is extinguished if it relates to that MRRT year or an earlier MRRT year, except to the extent that it is applied in working out, for that MRRT year:
(i) in relation to the pre-mining project interest, an amount, for the purposes of section 140-10 , corresponding to an * MRRT allowance ; or
(ii) an MRRT allowance for any mining project interest; and
(b) is extinguished if it relates to a later MRRT year, except to the extent that it is applied in working out, for that later MRRT year:
(i) in relation to the pre-mining project interest, an amount, for the purposes of section 140-10 , corresponding to an * MRRT allowance ; or
(ii) an MRRT allowance for any mining project interest.
155-25(2)
This section does not apply if the * termination day happens because a mining project interest * originates from the * pre-mining project interest .
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
