CTHRepealedAct
Minerals Resource Rent Tax Act 2012
200‑5 Effect of the simplified MRRT meth200‑5 Effect of the simplified MRRT method
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#### 200‑5 Effect of the simplified MRRT method
If a miner chooses, for an \*MRRT year, to use the simplified MRRT method:
(a) the miner’s \*MRRT liability for each mining project interest the miner has for the year is zero; and
(b) all \*allowance components that relate to a mining project interest the miner has, or a \*pre‑mining project interest the miner \*holds, are extinguished; and
(c) each mining project interest that:
(i) the miner has during the year; or
(ii) \*originates from a pre‑mining project interest the miner held during the year;
is taken, despite section 80‑20, to have no \*starting base loss for any later MRRT year.