CTHRepealedAct
Minerals Resource Rent Tax Act 2012
115‑20 Transferability of royalty credit115‑20 Transferability of royalty credits
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115‑20 Transferability of royalty credits
A *royalty credit that relates to one of the constituent interests complies with this section if, under section 65‑20 (available royalty credits), the royalty credit could be applied in working out a *transferred royalty allowance for each of the other constituent interests for the *MRRT year if: (a) the year were to end at the combining time; and (b) subsection 65‑20(2) were disregarded.