MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
If a miner chooses, for an * MRRT year , to use the simplified MRRT method:
(a) the miner ' s * MRRT liability for each mining project interest the miner has for the year is zero; and
(b) all * allowance components that relate to a mining project interest the miner has, or a * pre-mining project interest the miner * holds , are extinguished; and
(c) each mining project interest that:
(i) the miner has during the year; or
(ii) * originates from a pre-mining project interest the miner held during the year;
is taken, despite section 80-20 , to have no * starting base loss for any later MRRT year.
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