Document ID: chunk:federal_register_of_legislation:C2017C00211:clause:1_123
Version: federal_register_of_legislation:C2017C00211
Segment Type: clause
Provision Reference: sch 1 cl 123
Character Range: 25620–26950

123  Effect of repeals and amendments on preceding MRRT years
(1) Despite the repeals and amendments made by this Schedule, the Acts amended or repealed continue to apply, after the commencement of this Schedule, in relation to any MRRT year ending on or before the day this Schedule commences as if those repeals and amendments had not happened.
(2) For the purposes of that continued application, any MRRT year that:
 (a) started before the commencement of this Schedule; and
 (b) would, apart from this subitem, end on or after that commencement;
is taken to end on the day this Schedule commences.
(3) To avoid doubt, for the purposes of that continued application, section 190‑20 of the Minerals Resource Rent Tax Act 2012 applies in relation to an MRRT year referred to in subitem (2) whether or not the MRRT year is an accounting period referred to in section 190‑10 of that Act.
Note 1: Section 190‑20 of the Minerals Resource Rent Tax Act 2012 (to the extent that it continues to apply because of this item) will adjust threshold amounts under that Act in relation to the final MRRT year.
Note 2: Subsection 115‑110(2) in Schedule 1 to the Taxation Administration Act 1953 (to the extent that it continues to apply because of this item) will adjust instalment quarters under that Act in relation to the final MRRT year.