Minerals Resource Rent Tax Act 2012
115‑30 Transferability of mining losses115‑30 Transferability of mining losses
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115‑30 Transferability of mining losses
An existing mining loss that relates to one of the constituent interests complies with this section if: (a) under subsection 100‑20(1) (available mining losses), the existing mining loss could be applied in working out a *transferred mining loss allowance for each of the other constituent interests for the *MRRT year if: (i) the year were to end at the combining time; and (ii) subsection 100‑20(2) were disregarded; and (b) in a case where one or more of the constituent interests is a combined interest under a previous application of this Division—section 115‑60 does not prevent the existing mining loss from being so applied.