CTHRepealedAct
Minerals Resource Rent Tax Act 2012
125‑25 Effect of MRRT liability from ear125‑25 Effect of MRRT liability from earlier years on rehabilitation tax offset amounts
Start here
Get a plain-English read of 125‑25 Effect of MRRT liability from ear
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax Act 2012.
#### 125‑25 Effect of MRRT liability from earlier years on rehabilitation tax offset amounts
For the purposes of section 225‑15, only a proportion, worked out on a reasonable basis, of an \*MRRT liability, of the original miner or any other miner, for the mining project interest for an \*MRRT year before the year in which a \*mining project split happens, is taken to have been paid in relation to a new interest.
> Note: The original miner is required to give the new miner the information it needs to work out the amount of a rehabilitation tax offset: see Division 121 in Schedule 1 to the Taxation Administration Act 1953.