Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
119‑5 Making choices119‑5 Making choices
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119‑5 Making choices
(1) If a provision of the *MRRT law allows, or requires, you to make a choice about a matter, the choice is not valid unless you make it: (a) no later than: (i) if you are required to give the Commissioner an *MRRT return for the first *MRRT year in which the choice applies—the earlier of the day on which that obligation is met or the day on which that obligation falls due; or (ii) otherwise—the last day in the period within which you would be required to give the Commissioner such a return if you were required to give the Commissioner such a return; or (b) within a further time that the Commissioner allows. (2) The way your *MRRT return for an *MRRT year is prepared is sufficient evidence of you making the choice. (3) However, you must give the Commissioner notice of the choice in the *approved form if: (a) you are not required to give the Commissioner an *MRRT return for that MRRT year; or (b) the *MRRT law expressly requires you to give the choice to the Commissioner; or (c) the Commissioner requests you to do so.