30‑15 Meaning of mining revenue event30‑15 Meaning of mining revenue event

#### 30‑15 Meaning of mining revenue event (1) A mining revenue event happens in relation to a \*taxable resource extracted from the \*project area for a mining project interest if the miner who has the interest: (a) makes an \*initial supply of the taxable resource, but not after its exportation from \*Australia; or (b) exports the taxable resource from Australia, but not after paragraph (a) has applied to the taxable resource; or (c) makes an initial supply of or uses, or exports from Australia, something produced using the taxable resource, but not after: (i) paragraph (a) or (b) has already applied in relation to the taxable resource; or (ii) this paragraph has already applied in relation to the thing produced using the taxable resource. > Note: There is at least one mining revenue event in relation to each quantity of taxable resource. However, there could only be more than one mining revenue event in relation to a quantity of taxable resource if more than one thing is produced from it. > Note: Example: There are 2 mining revenue events in relation to a quantity of coal if it is extracted then consumed producing both electricity and fly‑ash. (2) However, a mining revenue event does not happen for use of a thing produced using a \*taxable resource, to the extent that: (a) the use takes place in the course of operations or activities of a kind mentioned in paragraph 35‑20(1)(a) for the mining project interest; and (b) those operations or activities do not involve doing anything to, or with, other taxable resources extracted from the \*project area for the interest after those other taxable resources reach the form and location they are in when a mining revenue event happens in relation to them; and (c) the use does not give rise to: (i) an amount of \*mining expenditure for the miner; or (ii) an amount that is taken into account for the miner under step 2 of the method statement in section 30‑25; or (iii) an amount that is taken into account for the miner under step 3 of the method statement in section 175‑25 (alternative valuation method).