Aboriginal person has the meaning given by subsection 4(1) of the Aboriginal and Torres Strait Islander Act 2005.
accounting principles has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
accounting standard has the same meaning as in the Corporations Act 2001.
adjustable value:
(a) of a \*starting base asset, has the meaning given by subsection 165‑10(7); and
(b) of a disposed asset (within the meaning of section 165‑35), has the meaning given by subsection 165‑35(2).
affiliate has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
allowance component means any of the following:
(a) a \*royalty credit;
(b) a \*pre‑mining loss;
(c) a \*mining loss;
(d) a \*starting base loss.
approved form has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
arm’s length has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
arm’s length consideration has the meaning given by section 30‑30.
arrangement has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
assessed MRRT means MRRT, as assessed under Schedule 1 to the Taxation Administration Act 1953.
assessment has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
auditing standard has the same meaning as in the Corporations Act 2001.
Australia, when used in a geographical sense, includes:
(a) all the external Territories other than the Australian Antarctic Territory; and
(b) an area that is an offshore area for the purposes of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
Australian law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
Australian permanent establishment has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
base value has the meaning given by subsection 90‑5(1).
cessation event has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
CGT asset has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
closely associated has the meaning given by subsection 95‑20(5).
Commissioner means the Commissioner of Taxation.
Commonwealth law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
connected with has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
consolidatable group has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
consolidated group has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
constituent asset:
(a) of a \*starting base asset that is treated as a single starting base asset because of section 80‑30, means any of the things mentioned in paragraphs 80‑30(1)(a) to (d) that are treated as the single starting base asset; or
(b) of a starting base asset that is treated as a single starting base asset because of subsection 180‑10(3), means any of the starting base assets that are, under that subsection, treated as the single starting base asset.
cost base has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
created: in relation to a *consolidated group or *MEC group, has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
decreasing adjustment has the meaning given by section 195‑1 of the *GST Act.
depreciating asset has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
derivative financial arrangement has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
diminishing value method has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
downstream mining operations has the meaning given by section 255‑15.
effective life has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
entity has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
equity interest has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
excluded expenditure has the meaning given by Subdivision 35‑B.
excluded STB has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
exploration or prospecting has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
exploration right has the meaning given by subsection 70‑25(3).
extract, in relation to a *taxable resource, means extract the taxable resource in any way, and includes recovering the taxable resource from the place where it occurs.
financial arrangement has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
financial year has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
foreign currency has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
foreign currency hedge has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
foreign law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
general interest charge has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
GST has the meaning given by section 195‑1 of the *GST Act.
GST Act has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
head company has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
higher ranking allowance, in relation to an *MRRT allowance, means any other MRRT allowance that, under section 10‑10, is applied earlier than that allowance in working out a miner’s *MRRT liability.
hire purchase agreement has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
hold a thing mentioned in subsection 250‑5(2) has the meaning given by Division 250.
income tax law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
income year has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
increasing adjustment has the meaning given by section 195‑1 of the *GST Act.
index number has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
initial supply has the meaning given by section 30‑20.
input tax credit has the meaning given by section 195‑1 of the *GST Act.
installed ready for use has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
instalment income has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
instalment quarter has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
integrated, in relation to mining project interests, has the meaning given by Division 255.
interim expenditure, in relation to a *starting base asset relating to a mining project interest, has the meaning given by section 90‑55.
long term bond rate, for a period, has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
market value has a meaning affected by Subdivision 960‑S of the Income Tax Assessment Act 1997.
MEC group has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
member has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
mine development expenditure has the meaning given by subsection 80‑35(3).
miner means an *entity that has a *mining project interest.
mining expenditure has the meaning given by Division 35.
mining loss has the meaning given by section 75‑20.
mining loss allowance has the meaning given by section 75‑10.
mining operations has the meaning given by section 35‑20.
mining profit has the meaning given by Division 25.
mining project interest has the meaning given by section 15‑5.
mining project split has the meaning given by subsection 125‑10(3).
mining project transfer has the meaning given by subsection 120‑10(3).
mining, quarrying or prospecting information has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
mining revenue has the meaning given by Division 30.
mining revenue event has the meaning given by section 30‑15.
mining royalty has the meaning given by subsection 35‑45(1).
mining venture has the meaning given by subsection 15‑5(3).
MRRT means minerals resource rent tax imposed by any of the following:
(a) the Minerals Resource Rent Tax (Imposition—General) Act 2012;
(b) the Minerals Resource Rent Tax (Imposition—Customs) Act 2012;
(c) the Minerals Resource Rent Tax (Imposition—Excise) Act 2012.
MRRT allowance has the meaning given by section 10‑10.
MRRT benefit has the meaning given by section 210‑15.
MRRT disadvantage has the meaning given by subsection 210‑30(2).
MRRT law means:
(a) this Act; and
(b) any Act that imposes MRRT; and
(c) the Taxation Administration Act 1953, so far as it relates to any Act covered by paragraphs (a) and (b); and
(d) any other Act, so far as it relates to any Act covered by paragraphs (a) to (c) (or to so much of that Act as is covered); and
(e) regulations under an Act, so far as they relate to any Act covered by paragraphs (a) to (d) (or to so much of that Act as is covered).
MRRT liability has the meaning given by section 10‑5.
MRRT rate has the meaning given by the following:
(a) section 4 of the Minerals Resource Rent Tax (Imposition—General) Act 2012;
(b) section 4 of the Minerals Resource Rent Tax (Imposition—Customs) Act 2012;
(c) section 4 of the Minerals Resource Rent Tax (Imposition—Excise) Act 2012.
MRRT year has the meaning given by sections 10‑25, 190‑10 and 190‑15.
non‑cash benefit has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
opening adjustable value has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
originates, in relation to a mining project interest and a *pre‑mining project interest, has the meaning given by subsection 70‑20(2).
partnership has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
pre‑mining expenditure has the meaning given by section 70‑35.
pre‑mining loss has the meaning given by section 70‑30.
pre‑mining loss allowance has the meaning given by section 70‑10.
pre‑mining loss cap has the meaning given by section 95‑30.
pre‑mining profit has the meaning given by section 140‑5.
pre‑mining project interest has the meaning given by section 70‑25.
pre‑mining project operations has the meaning given by subsection 70‑35(5).
pre‑mining project split has the meaning given by subsection 150‑10(2).
pre‑mining project transfer has the meaning given by subsection 145‑10(2).
pre‑mining revenue has the meaning given by section 70‑40.
prime cost method has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
private mining royalty has the meaning given by subsection 35‑45(2).
production right has the meaning given by section 15‑15.
project area has the meaning given by section 15‑20 or subsection 70‑25(4).
provisional head company of a *MEC group has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
recoupment has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
rehabilitation tax offset has the meaning given by section 225‑10.
rehabilitation tax offset amount:
(a) in relation to a mining project interest—has the meaning given by section 225‑15; and
(b) in relation to a \*pre‑mining project interest—has the meaning given by section 225‑20.
resource marketing operations has the meaning given by subsection 30‑25(7).
royalty includes the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
royalty allowance has the meaning given by section 60‑10.
royalty credit has the meaning given by section 60‑20.
scheme has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
shortfall interest charge has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
split percentage:
(a) for a new interest a miner has just after a \*mining project split—has the meaning given by section 125‑15; and
(b) for a new interest an \*entity has just after a \*pre‑mining project split—has the meaning given by subsections 150‑15(5) and (6).
starting base adjustment for a *starting base asset, has the meaning given by section 165‑20.
starting base adjustment amount for a *starting base asset, has the meaning given by section 165‑10.
starting base adjustment event, for a *starting base asset, has the meaning given by section 165‑5.
starting base allowance has the meaning given by section 80‑10.
starting base asset relating to a mining project interest has the meaning given by section 80‑25 and subsection 80‑35(1).
starting base days has the meaning given by subsections 80‑40(6) and (7).
starting base loss, for a mining project interest, has the meaning given by section 80‑20.
starting base return means a return of the kind referred to in section 117‑20 in Schedule 1 to the Taxation Administration Act 1953, that complies with all the requirements of that section and section 117‑25 (if applicable) in that Schedule and section 388‑75 in that Schedule.
start time, for a *starting base asset relating to a mining project interest, has the meaning given by subsection 80‑25(2).
State law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
subsidiary member has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
supply has the meaning given by section 195‑1 of the *GST Act.
suspension day has the meaning given by section 130‑10.
taxable resource has the meaning given by Division 20.
taxation law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
termination day:
(a) for a mining project interest, has the meaning given by section 135‑5; or
(b) for a \*pre‑mining project interest, has the meaning given by section 155‑5.
termination value, of a *starting base asset, has the meaning given by subsection 165‑10(3) and (4).
Territory law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
Torres Strait Islander has the meaning given by subsection 4(1) of the Aboriginal and Torres Strait Islander Act 2005.
transfer pricing guidelines has the meaning given by subsection 205‑15(2).
transferred mining loss allowance has the meaning given by section 100‑10.
transferred pre‑mining loss allowance has the meaning given by section 95‑10.
transferred royalty allowance has the meaning given by section 65‑10.
transformative operations has the meaning given by subsection 30‑25(6).
trustee has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
upstream mining operations has the meaning given by section 35‑15.
valuation point for a *taxable resource has the meaning given by Division 40.