The ATO on Wed 24.9.2014, registered the following Legislative Instruments exempting low volume non-payers and large volume non-payers covered by the Instruments from having to lodge a Minerals Resource Rent Tax (MRRT) return in light of the repeal of the mining tax for various years as specified in the Instruments:
- Taxation Administration Act 1953 – Exemption for lodgment of 2013, 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Low volume non-payers’ Instrument (No 1) 2014 – this Instrument can apply to an entity for one or more of its 2013, 2014 and 2015 MRRT years.
- Taxation Administration Act 1953 – Exemption for lodgment of 2014 or 2015 Minerals Resource Rent Tax (MRRT) Returns – Large volume non payers’ Instrument (No 1) 2014 – this Int can apply to an entity for one or both of its 2014 and 2015 MRRT years.
The Legislative Instruments commence on Thur 25.9.2014.
[LTN 185, 24/9/14]