CTHRepealedAct
Minerals Resource Rent Tax Act 2012
150‑5 Object of this Division150‑5 Object of this Division
Start here
Get a plain-English read of 150‑5 Object of this Division
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax Act 2012.
#### 150‑5 Object of this Division
The object of this Division is to ensure that, if a \*pre‑mining project interest is split:
(a) consistent with the MRRT being a project‑based tax, matters relevant to the MRRT that are connected with the interest before the split remain connected (to the appropriate extents) with the split interests after the split; and
(b) the \*MRRT liability for the interest for the part of the \*MRRT year before the split attaches (to the appropriate extents) to the explorers who have the split interests after the split.