CTHRepealedAct
Minerals Resource Rent Tax Act 2012
70‑50 Pre‑mining losses for later MRRT y70‑50 Pre‑mining losses for later MRRT years
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70‑50 Pre‑mining losses for later MRRT years
In a later *MRRT year, the amount of the *pre‑mining loss is: Image unavailable in extracted text where:
previous amount of the loss is the amount of the *pre‑mining loss for the preceding *MRRT year.
previous application of the loss is the sum of the amounts of those parts (if any) of the *pre‑mining loss that have been applied in working out, for the preceding *MRRT year, any of the following:
(a) a \*pre‑mining loss allowance for a mining project interest that the \*entity has;
(b) one or more \*transferred pre‑mining loss allowances for other mining project interests.
uplift factor is one of the following:
(a) if the later year is one of the 10 \*MRRT years after the MRRT year in which the \*pre‑mining loss arose:
(b) if the later year is not one of the 10 MRRT years after the MRRT year in which the pre‑mining loss arose:
