sec.290AApplication of GST to rents for certain mining leases

### sec.290A Application of GST to rents for certain mining leases This section applies to a lease, however called, that, under the repealed schedule to this Act, section 3 , became a mining lease under this Act. The repealed schedule to this Act was repealed by the Offshore Minerals Act 1998 , section 446 and schedule 4 , section 4 . If any rent payable under the lease after 30 June 2005 is for a supply for which GST is payable, the rent payable is the total of— the rent that would have been payable if the rent were not for a supply for which GST is payable; and 10% of the rent that would have been payable if the rent were not for a supply for which GST is payable. Subsection (2) applies despite the provisions of the mining lease. s 290A ins 2000 No. 20 s 29 sch 3 amd 2012 No. 20 s 125 sch 1 (sec.290A-ssec.1) This section applies to a lease, however called, that, under the repealed schedule to this Act, section 3 , became a mining lease under this Act. The repealed schedule to this Act was repealed by the Offshore Minerals Act 1998 , section 446 and schedule 4 , section 4 . (sec.290A-ssec.2) If any rent payable under the lease after 30 June 2005 is for a supply for which GST is payable, the rent payable is the total of— the rent that would have been payable if the rent were not for a supply for which GST is payable; and 10% of the rent that would have been payable if the rent were not for a supply for which GST is payable. (sec.290A-ssec.3) Subsection (2) applies despite the provisions of the mining lease. - (a) the rent that would have been payable if the rent were not for a supply for which GST is payable; and - (b) 10% of the rent that would have been payable if the rent were not for a supply for which GST is payable.