Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:1_4:p14
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 14/17)
Character Range: 50659–53304

the original entity has that is necessary for the new entity to work out, for the *MRRT year in which the transfer or split happens or for later MRRT years:
 (i) the *starting base losses for its interest; and
 (ii) the amounts that are included in the new entity's *mining revenue or *pre‑mining revenue for its interest; and
 (iii) the amounts that are included in the new entity's *mining expenditure or *pre‑mining expenditure for its interest; and
 (iv) the amount of a *rehabilitation tax offset for its interest; and
 (c) for a split—the new entity's *split percentage for its interest; and
 (d) the information the original entity has that is necessary for the new entity to work out the new entity's *instalment income for an *instalment quarter in the MRRT year in which the transfer or split happens.
 (3) The original entity must also give the new entity a notice containing information about a thing mentioned in section 120‑20, 125‑30, 145‑25 or 150‑30 of the Minerals Resource Rent Tax Act 2012 (events that happen after a transfer or split) in relation to the transfer or split.
 (4) The original entity must give the notice:
 (a) in writing, or in another form acceptable to the new entity; and
 (b) for a notice under subsection (1)—within 60 days of the *mining project transfer, *mining project split, *pre‑mining project transfer or *pre‑mining project split; and
 (c) for a notice under subsection (3)—within 60 days of the day on which the thing happens.
Note: Section 286‑75 provides an administrative penalty for a breach of this section. A breach of this section may also be an offence under section 8C, and making a false or misleading statement when providing the information may be an offence under section 8K or 8N.

121‑12  Notice of rehabilitation expenditure
 (1) If:
 (a) an amount of expenditure is incurred by a trustee or bondholder (the trustee) out of an amount provided as security as mentioned in subsection 35‑70(1) of the Minerals Resource Rent Tax Act 2012; and
 (b) the amount is for rehabilitation of an area that is the *project area for a *mining project interest the other entity has at the time the amount is incurred;
the trustee must give the other entity a notice containing the information the trustee has that is necessary for the other entity to determine the extent, if any, to which the amount is *mining expenditure for the other entity.
 (2) The trustee must give the notice:
 (a) in writing, or in another form acceptable to the new entity; and
 (b) within 60 days of the incurring of the amount.
Note: Section 286‑75 provides an administrative penalty for a breach of this section. A