MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
An * entity gets an MRRT benefit from a * scheme , if:
(a) an * MRRT liability of the entity for a mining project interest for an * MRRT year under the * MRRT law apart from this Division is, or could reasonably be expected to be, smaller than it would be apart from the scheme; or
(b) the entity has an offset under Division 45 (low profit offsets) or Division 225 (rehabilitation tax offsets), and the entity would not have had, or could not reasonably be expected to have had, the whole or a part of that offset apart from the scheme.
210-15(2)
To avoid doubt, a smaller * MRRT liability mentioned in paragraph (1)(a) includes a case where the MRRT liability is zero, or there is no MRRT liability for the * MRRT year .
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