The Minerals Resource Rent Tax (MRRT) is a complex new tax that came into effect on 1 July. It applies to iron ore and coal mining, and gas extracted as an incident of coal mining. This article will focus on some of the major MRRT issues for mining participants.
Partner
Blake Dawson
Shanghai
Information transfers
A miner must provide an information notice to an entity that acquires a part of an interest or the interest itself as a result of the interest being transferred or split. This will typically be required within 60 days of the transfer.
However, in relation to a mining project transfer, mining project split, pre-mining project transfer or pre-mining project split that happened between 1 May 2010 and 30 June 2012, the transferor must have provided the transferee with an information notice by 21 July 2012.
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Michael Sheng is a partner at Blake Dawson in Shanghai, and Teresa Dyson is a partner at Ashurst in Brisbane, Australia
博雷道盛上海代表处
上海市南京西路1168号中信泰富广场3408-10
Blake Dawson Shanghai office
Suites 3408-10, CITIC Square
1168 Nanjing Road West, Shanghai
邮编 Postal code: 200041
电话 Tel: 86 21 6263 1888
传真 Fax: 86 21 6263 1999
电子信箱 E-mail:
michael.sheng@ashurst.com
teresa.dyson@ashurst.com
www.ashurst.com
