CTHRepealedAct
Minerals Resource Rent Tax Act 2012
95‑10 When a miner has a transferred pre95‑10 When a miner has a transferred pre‑mining loss allowance
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95‑10 When a miner has a transferred pre‑mining loss allowance
A miner has a transferred pre‑mining loss 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 mining project interest for the year exceeds the sum of all the *higher ranking allowances (if any) that the miner has for the mining project interest for the year; and (b) there are one or more *pre‑mining losses (available pre‑mining losses) that, under section 95‑20, can be applied in working out a transferred pre‑mining loss allowance for the interest for the year.