MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
A pre-mining project interest is an interest in an * exploration right .
70-25(2)
However, if the * exploration right relates both to iron ore and to other kinds of * taxable resources , treat the * pre-mining project interest as:
(a) a pre-mining project interest relating to iron ore; and
(b) another pre-mining project interest relating to those other kinds of taxable resources.
70-25(3)
An exploration right is an authority or right (however described) under an * Australian law for a purpose (other than an incidental purpose) of * exploration or prospecting for * taxable resources in a particular area in * Australia .
Examples:
The following are some examples of an exploration right:
(a) a mineral development licence;
(b) a retention lease;
(c) an exploration permit.
70-25(4)
The project area for a * pre-mining project interest is the area in * Australia covered by the * exploration right to which the pre-mining project interest relates.
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.
