225‑15 Rehabilitation tax offset amounts225‑15 Rehabilitation tax offset amounts relating to mining project interests

#### 225‑15 Rehabilitation tax offset amounts relating to mining project interests (1) A miner has a rehabilitation tax offset amount, for an \*MRRT year (the current year), in relation to a mining project interest that the miner has, if: (a) the \*suspension day for the mining project interest happened in an earlier MRRT year or the current year; and (b) in the current year, an amount of expenditure (upstream rehabilitation expenditure) was incurred that: (i) is included in \*mining expenditure for the mining project interest for the current year; and (ii) is necessarily incurred in carrying on \*mining operations of a kind mentioned in paragraph 35‑20(2)(f), or in carrying on activities done in furtherance of mining operations of that kind; and (c) a \*mining loss relating to the mining project interest for the current year is extinguished under section 130‑15. (2) However, subsection (1) does not apply if neither the miner nor any other \*entity has, or has ever had, an \*MRRT liability, for the \*MRRT year or any earlier MRRT year, in relation to the mining project interest. (3) The rehabilitation tax offset amount relating to the mining project interest is:  where: > allowable rehabilitation expenditure is the lesser of: (a) the sum of all the amounts of upstream rehabilitation expenditure that were incurred in the current year in relation to the mining project interest; and (b) the amount of the \*mining loss, mentioned in paragraph (1)(c), extinguished under section 130‑15. (4) However, the \*rehabilitation tax offset amount cannot exceed the sum of all the \*MRRT liabilities, of the miner or any other miner, for the mining project interest for the \*MRRT year and all earlier MRRT years.