CTHRepealedAct
Minerals Resource Rent Tax Act 2012
250‑15 Things that are jointly held250‑15 Things that are jointly held
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250‑15 Things that are jointly held
The *MRRT law applies to a thing referred to in subsection 250‑5(2) (the underlying thing) that an *entity *holds, and that is also held by one or more other entities, as if each entity’s interest in the thing were itself the underlying thing.
Note: Partners do not hold partnership assets: see subsection 250‑5(1) and table item 7 in section 40‑40 of the Income Tax Assessment Act 1997.