Minerals Resource Rent Tax Act 2012
50‑5 When assessed MRRT is payable50‑5 When assessed MRRT is payable
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50‑5 When assessed MRRT is payable
(1) *Assessed MRRT that a miner must pay under section 10‑20 for an *MRRT year is due and payable on the first day of the sixth month after the end of the MRRT year.
Note: Example: If the miner’s MRRT year is the same as the financial year, the assessed MRRT would be due and payable on 1 December.
Note: The Commissioner may defer the time at which the assessed MRRT is due and payable: see section 255‑10 in Schedule 1 to the Taxation Administration Act 1953.
(2) To avoid doubt, the *assessed MRRT may be taken to have been due and payable at a time before the *assessment was made. (3) If the Commissioner amends a miner’s *assessment, any extra *assessed MRRT resulting from the amendment is due and payable 21 days after the day on which the Commissioner gives the miner notice of the amended assessment.