MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
In a later * MRRT year , the amount of the * pre-mining loss is:
where:
previous amount of the loss
is the amount of the
*
pre-mining loss
for the preceding
*
MRRT year
.
previous application of the loss
is the sum of the amounts of those parts (if any) of the
*
pre-mining loss
that have been applied in working out, for the preceding
*
MRRT year
, any of the following:
(a) a * pre-mining loss allowance for a mining project interest that the * entity has;
(b) one or more * transferred pre-mining loss allowances for other mining project interests.
uplift factor
is one of the following:
(a) if the later year is one of the 10 * MRRT years after the MRRT year in which the * pre-mining loss arose:
| * Long term bond rate for the * MRRT year preceding the later year | + | 1.07 |
(b) if the later year is not one of the 10 MRRT years after the MRRT year in which the pre-mining loss arose:
| * Long term bond rate for the * MRRT year preceding the later year | + | 1 |
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