Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:1_4:p12
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 12/17)
Character Range: 45703–48331

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 in subsection 80‑25(2) of that Act) that you *hold that relate to the mining project interest or *pre‑mining project interest to which that choice relates.
 (3) A *starting base return is not valid unless you give it to the Commissioner:
 (a) on or before the first day of the sixth month after the end of the first *MRRT year of the entity that had the mining project interest, or *held the *pre‑mining project interest, on 1 July 2012; or
 (b) within such further period as the Commissioner allows.
 (4) A *starting base return must be in the *approved form.
 (5) The *approved form must require information to be provided relating to:
 (a) the *base value of all *starting base assets mentioned in subsection (2) for the first *MRRT year; or
 (b) what would be the base value of any other property or right mentioned in that subsection for that year if it were a starting base asset.

117‑25  Electronic lodgement of MRRT returns and starting base returns
  You must *lodge electronically your *MRRT returns and *starting base returns, unless the Commissioner otherwise approves.
Note: Section 388‑75 in this Schedule deals with signing returns.

117‑30  MRRT returns and starting base returns treated as being duly made
  An *MRRT return or *starting base return purporting to be made or signed by or on behalf of an entity is treated as having been duly made by the entity or with the entity's authority until the contrary is proved.

Division 119—Making choices

Guide to Division 119

119‑1  What this Division is about
      A choice you make under the MRRT law must be made in accordance with the general rules in this Division (subject to any more specific rule in the MRRT law).

Table of sections

Operative provisions
119‑5 Making choices
119‑10 Choices are irrevocable
119‑15 Division subject to more specific rules

Operative provisions

119‑5  Making choices
 (1) If a provision of the *MRRT law allows, or requires, you to make a choice about a matter, the choice is not valid unless you make it:
 (a) no later than:
 (i) if you are required to give the Commissioner an *MRRT return for the first *MRRT year in which the choice applies—the earlier of the day 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