Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012

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:

no later than:

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

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

within a further time that the Commissioner allows.

The way your *MRRT return for an *MRRT year is prepared is sufficient evidence of you making the choice.

However, you must give the Commissioner notice of the choice in the *approved form if:

you are not required to give the Commissioner an *MRRT return for that MRRT year; or

the *MRRT law expressly requires you to give the choice to the Commissioner; or

the Commissioner requests you to do so.