CTHRepealedAct
Minerals Resource Rent Tax Act 2012
140‑5 Pre‑mining profits140‑5 Pre‑mining profits
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#### 140‑5 Pre‑mining profits
(1) A pre‑mining profit arises for an \*MRRT year if:
(a) during the year, an \*entity \*holds a \*pre‑mining project interest; and
(b) the entity’s \*pre‑mining revenue for the interest for the year exceeds the entity’s \*pre‑mining expenditure for the interest for the year.
(2) In that year, the amount of the \*pre‑mining profit is the amount of the excess.