CU 17: Repayment by mining company of amount written off
You could also call this:
“Mining companies no longer need to repay written-off amounts”
This section of the law used to talk about how a mining company might have to pay back money that was written off. However, this part of the law no longer applies. It was removed on 1 April 2014, which means it doesn’t affect how you pay taxes anymore. If you want to know more about mining companies and taxes, you’ll need to look at other parts of the tax law that are still in use.
CU 18: Amount treated as repayment for purposes of section CU 17: excess, or
“Removed rule about excess repayments for mining companies”
Part C
Income
Income from mineral mining:
Definitions
CU 17Repayment by mining company of amount written off (Repealed)
Notes
Section CU 17: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014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).
