On Thursday 7 November 2013, Tony Principe CTA (Origin Energy) attended a meeting of the ATO’s Resource Rent Tax Working Group. At the meeting, members discussed:
- The repeal of the Minerals Resource Rent Tax;
- Various updates in respect of the Minerals Resource Rent Tax;
- Various updates in respect of the Petroleum Resource Rent Tax.
Following the meeting , it was determined that an extension for 2012-13 MRRT returns will be provided to 1 December 2014 in light of the Government’s proposal to repeal the MRRT from 1 July 2014 which is contained in the Legislative Instrument: http://law.ato.gov.au/view.htm?DocID=MLD/MRRT20132/00001.
Members who seek further information in relation to the above should contact us at Tax Policy.