CTHRepealedAct
Minerals Resource Rent Tax Act 2012
60‑5 Objects of this Division60‑5 Objects of this Division
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60‑5 Objects of this Division
The objects of this Division are: (a) to reduce a miner’s *MRRT liability relating to profits relating to *taxable resources, to the extent those taxable resources are subject to Commonwealth, State and Territory royalties; and (b) to provide an uplift for unapplied *royalty credits, which compensates for: (i) the delay where royalty credits are applied in a later year; and (ii) the risk that royalty credits may not be able to be applied in a later year.