125‑25 Effect of MRRT liability from ear125‑25 Effect of MRRT liability from earlier years on rehabilitation tax offset amounts

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.