MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 6 - INTERPRETING THIS ACT  

PART 6-2 - MEANING OF SOME IMPORTANT CONCEPTS  

Division 255 - Integrated mining project interests  

Operative provisions  

SECTION 255-20   CHOICE TO INTEGRATE  

255-20(1)    
A choice under this section is to treat all mining project interests of the miner that satisfy paragraphs 255-10(a) to (d) at any time as * integrated , including interests the miner starts to have after making the choice.

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History

S 255-20(1) amended by No 88 of 2013, s 3 and Sch 7 item 70, by substituting " paragraphs 255-10(a) to (d) " for " paragraphs 255-10(1)(a) to (d) " , effective 1 July 2012.

255-20(2)    
The choice does not cease to have effect even if there are no mining project interests that satisfy paragraphs 255-10(a) to (d) at a time.

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History

S 255-20(2) amended by No 88 of 2013, s 3 and Sch 7 item 70, by substituting " paragraphs 255-10(a) to (d) " for " paragraphs 255-10(1)(a) to (d) " , effective 1 July 2012.

255-20(3)    
However, the choice ceases to have effect in relation to a particular mining project interest after the miner that made the choice stops having the interest.

Note:

Division 119 in Schedule 1 to the Taxation Administration Act 1953 is about choices under the MRRT law.

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