#### 65‑15 The amount of a transferred royalty allowance (1) The amount of the miner’s \*transferred royalty allowance is so much of the sum of the available royalty credits as does not exceed the remaining profit. (2) In working out the amount of a \*transferred royalty allowance, \*royalty credits are applied in the order in which they arise, but the miner may choose the order in which to apply royalty credits that arise at the same time. > Note: Division 119 in Schedule 1 to the Taxation Administration Act 1953 is about choices under the MRRT law.

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Section 65‑15 The amount of a transferred royalt - Minerals Resource Rent Tax Act 2012 - 65‑15 The amount of a transferred royalty allowance — Zoe