CTHRepealedAct
Minerals Resource Rent Tax Act 2012
80‑10 When a miner has a starting base a80‑10 When a miner has a starting base allowance
Start here
Get a plain-English read of 80‑10 When a miner has a starting base a
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax Act 2012.
80‑10 When a miner has a starting base allowance
A miner has a starting base 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 sum of all the *higher ranking allowances (if any) that the miner has for the interest for the year; and (b) there are one or more *starting base losses (available starting base losses) that relate to the interest.