CTHRepealedAct
Minerals Resource Rent Tax Act 2012
70‑45 Pre‑mining losses for the MRRT yea70‑45 Pre‑mining losses for the MRRT years in which they arise
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70‑45 Pre‑mining losses for the MRRT years in which they arise
In the *MRRT year in which a *pre‑mining loss arises, the amount of the pre‑mining loss is the difference between: (a) the *entity’s *pre‑mining expenditure, for the *pre‑mining project interest to which the pre‑mining loss relates, for the year; and (b) the entity’s *pre‑mining revenue for that pre‑mining project interest for the year.