CTHRepealedAct
Minerals Resource Rent Tax Act 2012
125‑1 What this Division is about125‑1 What this Division is about
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#### 125‑1 What this Division is about
If a mining project interest is split, in most respects the new miners take over from the original miner in relation to MRRT matters, each to an extent appropriate to their share of the split. In particular, each new miner bears an appropriate share of the MRRT liability for the year of the split.
Table of sections
Operative provisions
125‑5 Object of this Division
125‑10 Effect of mining project split
125‑15 Meaning of split percentage
125‑20 Effect of transferred property
125‑25 Effect of MRRT liability from earlier years on rehabilitation tax offset amounts
125‑30 Events happening after mining project split
125‑35 Start of mining venture taken to be mining project split