Commonwealth legislation

Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non-payers’ Instrument (No. 1) 2014

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument exempts certain mining entities from lodging Minerals Resource Rent Tax (MRRT) returns for the 2014 and 2015 tax years.

Who it applies to:

Entities required to file an MRRT return for 2014 or 2015
Entities that paid no MRRT instalments during any quarter of that year
Entities specifically determined by the Tax Commissioner in writing to be "large volume non-payers"

What it does: If all three conditions are met, the entity does not need to submit an MRRT return for that year. This reduces paperwork for mining operations that had no tax liability during these periods.

Key terms: Terms used (such as "MRRT year" and "instalment quarter") take their meaning from the Minerals Resource Rent Tax Act 2012, Income Tax Assessment Act 1997, and Taxation Administration Act 1953.

JSON API Tax / GST / superannuation

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non-payers’ Instrument (No. 1) 2014.

Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non-payers’ Instrument (No. 1) 2014

Legislative Instrument

Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non‑payers’ Instrument (No.1) 2014

I, George Hitti, Deputy Commissioner of Taxation, make this instrument under paragraph 117‑5(5)(b) of Schedule 1 to the Taxation Administration Act 1953.

George Hitti

Deputy Commissioner of Taxation

Dated: 22 September 2014

Name of Instrument

This instrument is the Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non-payers’ Instrument (No.1) 2014.

Commencement

This instrument commences on the day after its registration on the Federal Register of Legislative Instruments.

Exemption from lodgment of 2014 or 2015 MRRT return

Entities covered by this instrument for an MRRT year are not required to lodge an MRRT return for that MRRT year.

Who is covered by this Instrument

This instrument applies to an entity for the 2014 or 2015 MRRT year if the entity:

is required to lodge an MRRT return for that MRRT year,
did not pay an MRRT instalment in respect of any instalment quarter during that MRRT year, and
is an entity that the Commissioner has determined, in writing, to be a large volume non‑paying entity for that MRRT year.

Definition

Terms used in this instrument have the same meaning as defined in the:

Minerals Resource Rent Tax Act 2012;
Income Tax Assessment Act 1997; and
Taxation Administration Act 1953.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non-payers’ Instrument (No. 1) 2014