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.