CU 10: Mining asset used to derive income other than income from mining
You could also call this:
“Outdated rule about using mining assets for non-mining income”
This part of the law used to talk about mining assets that were used to make money from things other than mining. However, this section no longer applies. It was removed from the law on 1 April 2014. This means that since then, there are no special rules in this part about using mining assets for non-mining income.
CU 11: Meaning of asset for sections CU 3 to CU 10, or
“Definition of 'asset' for mining tax rules is no longer applicable”
Part C
Income
Income from mineral mining:
Definitions
CU 10Mining asset used to derive income other than income from mining (Repealed)
Notes
Section CU 10: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
