MRRT: The more you dig, the more to explore!
Published on 13 Jul 2011
| Took place at Perth Convention & Exhibition Centre, Perth
The Federal Government has now released the preliminary exposure draft legislation (with draft explanatory material) to put in place the Minerals Resource Rent Tax (“MRRT”).
Although the preliminary exposure draft legislation is still subject to ongoing consultation, it establishes the core framework for the operation of the MRRT.
This event provided an overview of the preliminary exposure draft legislation and some of the key issues facing taxpayers affected by the MRRT, which include:
- definition of a project
- calculation of mining revenue
- starting base allowances.
This event also considered implementation strategies.