MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
An amount is included in a miner ' s * mining revenue for a mining project interest for an * MRRT year to the extent that:
(a) during the year, the amount is received, or becomes receivable, by any of the following * entities :
(i) the miner;
(ii) an entity * connected with the miner;
(iii) an * affiliate of the miner;
(iv) an entity of which the miner is an affiliate;
(v) an affiliate of an entity covered by subparagraph (ii);
(vi) an entity connected with an entity covered by subparagraph (ii), (iii) or (iv); and
(b) the amount is by way of insurance, compensation or indemnity relating to loss of, destruction of or damage that:
(i) happens to a * taxable resource extracted from the * project area for the mining project interest, or to a thing produced using such a taxable resource; and
(ii) happens before a * mining revenue event happens in relation to the taxable resource; and
(c) the amount is reasonably attributable to the taxable resource, as mentioned in step 2 of the method statement in subsection 30-25(1) .
30-50(2)
Work out the extent to which the amount is reasonably attributable to the * taxable resource as so mentioned by applying section 30-25 as if the amount were a revenue amount under subsection 30-25(2) .
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