Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:1_4:p13
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 13/17)
Character Range: 48112–50874

on which that obligation is met or the day on which that obligation falls due; or
 (ii) otherwise—the last day in the period within which you would be required to give the Commissioner such a return if you were required to give the Commissioner such a return; or
 (b) within a further time that the Commissioner allows.
 (2) The way your *MRRT return for an *MRRT year is prepared is sufficient evidence of you making the choice.
 (3) However, you must give the Commissioner notice of the choice in the *approved form if:
 (a) you are not required to give the Commissioner an *MRRT return for that MRRT year; or
 (b) the *MRRT law expressly requires you to give the choice to the Commissioner; or
 (c) the Commissioner requests you to do so.

119‑10  Choices are irrevocable
  A choice under the *MRRT law is irrevocable.

119‑15  Division subject to more specific rules
  This Division is subject to any specific rules in the *MRRT law outside this Division.

Division 121—Reporting

Guide to Division 121

121‑1  What this Division is about
      If a mining project transfer, mining project split, pre‑mining project transfer or pre‑mining project split happens, the original entity must give the new entity all the information the new entity will need to satisfy its MRRT obligations in relation to the interest it has acquired.

Table of sections

Operative provisions
121‑5 Object of this Division
121‑10 Information notice for transfers and splits of mining and pre‑mining project interests
121‑12 Notice of rehabilitation expenditure
121‑15 Substantiation requirement

Operative provisions

121‑5  Object of this Division
  The object of this Division is to provide entities with access to the information necessary for them to comply with their obligations under the *MRRT law.

121‑10  Information notice for transfers and splits of mining and pre‑mining project interests
 (1) An entity (the original entity) must give another entity (the new entity) a notice if:
 (a) the original entity had a *mining project interest before a *mining project transfer or *mining project split, and the new entity has the interest, or part of the interest, after the transfer or split; or
 (b) the original entity *held a *pre‑mining project interest before a *pre‑mining project transfer or *pre‑mining project split, and the new entity holds the interest, or part of the interest, after the transfer or split.
 (2) The notice must contain:
 (a) the amount of each *allowance component relating to the new entity's interest; and
 (b) the information 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)