CTHRepealedAct
Minerals Resource Rent Tax Act 2012
60‑15 The amount of a royalty allowance60‑15 The amount of a royalty allowance
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60‑15 The amount of a royalty allowance
(1) The amount of the miner’s *royalty allowance is so much of the sum of the available royalty credits as does not exceed the *mining profit. (2) In working out the amount of a *royalty allowance, available royalty credits are applied in the order in which they arise.
Note: If an available royalty credit cannot be wholly applied in an MRRT year, the unapplied amount can be carried forward: see section 60‑25.