CTHRepealedAct
Minerals Resource Rent Tax Act 2012
95‑15 The amount of a transferred pre‑mi95‑15 The amount of a transferred pre‑mining loss allowance
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#### 95‑15 The amount of a transferred pre‑mining loss allowance
(1) The amount of the miner’s \*transferred pre‑mining loss allowance is so much of the sum of the available pre‑mining losses as does not exceed the remaining profit.
(2) In working out the amount of a \*transferred pre‑mining loss allowance, \*pre‑mining losses are applied in the order in which they arise, but the miner may choose the order in which to apply pre‑mining losses 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.