Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 290A

290A Application of GST to rents for certain mining leases

(1) This section applies to a lease, however called, that, under the repealed schedule to this Act, section 3 , became a mining lease under this Act.

Editor’s note—

The repealed schedule to this Act was repealed by the Offshore Minerals Act 1998 , section 446 and schedule 4 , section 4 .

(2) If any rent payable under the lease after 30 June 2005 is for a supply for which GST is payable, the rent payable is the total of—

(a) the rent that would have been payable if the rent were not for a supply for which GST is payable; and

(b) 10% of the rent that would have been payable if the rent were not for a supply for which GST is payable.

(3) Subsection (2) applies despite the provisions of the mining lease.