CTHRepealedAct
Minerals Resource Rent Tax Act 2012
115‑40 The effect of combining mining pr115‑40 The effect of combining mining project interests
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#### 115‑40 The effect of combining mining project interests
In the \*MRRT year (the combining year) in which the constituent interests are taken to be the combined interest, the miner is liable to pay any MRRT that is payable in relation to:
(a) the constituent interests; and
(b) the part of the year before the constituent interests become the combined interest;
as if the constituent interests were taken to be the combined interest at the start of the year.
> Note 1: If the whole of the combined interest is transferred later in the same year to a new miner, the new miner’s MRRT liability in relation to the year will include the liability under this section: see Division 120.
> Note 2: If a part of the combined interest is transferred later in the same year to a new miner, the new miner’s MRRT liability in relation to the year will include a part of the liability under this section: see Division 125.