Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:1_4:p11
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 11/17)
Character Range: 43326–45935

class of entities for which the Commissioner has determined a period under paragraph (5)(a)—within that further period;
whichever is the latest.
Note: Section 286‑75 provides an administrative penalty for breach of this subsection.
 (4) Despite subsection (1), you are not required to give the Commissioner an *MRRT return for an *MRRT year if:
 (a) you have made a valid choice under section 200‑10 of the Minerals Resource Rent Tax Act 2012 (choosing to use the simplified MRRT method) that has effect at the end of the year; or
 (b) you are a member of a class of entities that the Commissioner has exempted from providing a return for that year under paragraph (5)(b).
 (5) The Commissioner may, by legislative instrument, do either or both of the following:
 (a) determine a further period within which a class of entities may provide an *MRRT return for an *MRRT year;
 (b) exempt a class of entities from providing an MRRT return for an MRRT year.

117‑10  The form and contents of MRRT returns
 (1) Your *MRRT return for an *MRRT year must be in the *approved form.
 (2) The *approved form for an *MRRT return must require information to be provided relating to the following:
 (a) your *taxable mining profit for the *MRRT year;
 (b) your *MRRT payable for the MRRT year.
Note: If you have chosen the simplified MRRT method under Division 200 of the Minerals Resource Rent Tax Act 2012, both of these amounts will be zero.

117‑15  Additional MRRT returns
 (1) In addition to the *MRRT returns required under section 117‑5, you must give the Commissioner:
 (a) such further or fuller MRRT returns; or
 (b) such other MRRT returns for an *MRRT year or a specified period, whether or not you have given the Commissioner an MRRT return for the same period;
as the Commissioner directs you to give (including any MRRT return in your capacity as agent or trustee).
 (2) The *approved form for a further or fuller *MRRT return may require information to be provided relating to:
 (a) the *MRRT year to which the return relates; or
 (b) one or more preceding MRRT years; or
 (c) both the MRRT year to which the return relates, and one or more preceding MRRT years.

117‑20  Starting base returns
 (1) In addition to the *MRRT returns required under section 117‑5 or 117‑15, you must give the Commissioner a *starting base return for the first *MRRT year if you make a choice under section 85‑5 of the Minerals Resource Rent Tax Act 2012.
 (2) The *starting base return must relate to all *starting base assets (and all property or rights that are expected to be starting base assets after the time mentioned