Minerals Resource Rent Tax Act 2012
215‑25 Project interests transferred to 215‑25 Project interests transferred to leaving entity on leaving
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215‑25 Project interests transferred to leaving entity on leaving
(1) If: (a) because of the application of section 215‑15, an *entity is taken at a particular time to stop being part of the *head company or *provisional head company of a group; and (b) the entitlement comprising a mining project interest the entity has just after that time is all of the entitlement comprising the mining project interest the company had just before that time; Division 120 applies as if each such mining project interest the entity has just after that time had been transferred from the company under a *mining project transfer. (2) If: (a) because of the application of section 215‑15, an *entity is taken at a particular time to stop being part of the *head company or *provisional head company of a group; and (b) a *pre‑mining project interest the entity *holds just after that time is all of a pre‑mining project interest the company held just before that time; Division 145 applies as if each such pre‑mining project interest the entity holds just after that time had been transferred from the company under a *pre‑mining project transfer.