Section CU 12 — Income Tax Act 2007: Application of sections to resident mining operators

CU 12 Application of sections to resident mining operators Sections in this subpart applying to resident mining operators (1) Sections CU 1 to CU 8 , CU 10 , and CU 11 apply, with any necessary modifications, to resident mining operators as if resident mining operators were mining companies. Additional modification of sections CU 4 and CU 11 (2) For the purposes of subsection (1),— (a) section CU 4(1)(b)(ii) applies as described in section DZ 12(1)(b) (Mineral mining: 1954–2005); and (b) section CU 11(1)(a)(ii) applies as described in section DZ 12(2)(b) . Defined in this Act: mining company , resident mining operator , Compare: 2004 No 35 s CU 12