MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
Mining loss allowances enable mining losses to reduce the miner ' s MRRT liability for the same mining project interest for a later MRRT year.
Mining losses that are not applied in an MRRT year are uplifted and may be able to be applied in later years.
Note:
Mining losses that are not applied to a mining loss allowance may be applied to transferred mining loss allowances for other mining project interests (see Division 100 ).
| Operative provisions | |
| 75-5 | Objects of this Division |
| 75-10 | When a miner has a mining loss allowance |
| 75-15 | The amount of a mining loss allowance |
| 75-20 | Mining losses |
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