CTHRepealedAct
Minerals Resource Rent Tax Act 2012
65‑10 When a miner has a transferred roy65‑10 When a miner has a transferred royalty allowance
Start here
Get a plain-English read of 65‑10 When a miner has a transferred roy
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax Act 2012.
65‑10 When a miner has a transferred royalty allowance
A miner has a transferred royalty allowance for a mining project interest for an *MRRT year if: (a) there is an amount (a remaining profit) by which the miner’s *mining profit for the interest for the year exceeds the *royalty allowance (if any) that the miner has for the interest for the year; and (b) there are one or more *royalty credits (available royalty credits) that, under section 65‑20, can be applied in working out the transferred royalty allowance for the interest for the year.