45‑1 What this Division is about45‑1 What this Division is about

#### 45‑1 What this Division is about A miner is entitled to an offset for an MRRT year if the miner’s group mining profit for the year is less than $125 million. If that profit is less than or equal to $75 million, an offset reduces the amount of MRRT the miner must pay for the year to nil. An offset phases out between profits of $75 million and $125 million, so that the miner is not immediately subjected to a full MRRT liability when the miner’s group profit exceeds $75 million. Table of sections Operative provisions 45‑5 Low profit offset—profits not greater than $75 million 45‑10 Low profit offset—profits greater than $75 million and less than $125 million