Section DU 10 — Income Tax Act 2007: Application of sections to non-resident mining operators

DU 10 Application of sections to non-resident mining operators Sections of this subpart and subpart IS applying to non-resident mining operators (1) Sections DU 1 to DU 6 and IS 1 , IS 3 , and IS 4 (which relate to the use of tax losses by mining companies) apply, with any necessary modifications, to non-resident mining operators as if non-resident mining operators were mining companies, income from mining were income from a mining venture, mining operations were mining ventures, and associated mining operations were mining ventures. Application of section DU 1 (2) Section DU 1 applies with the additional modification that subsection (2) is omitted. Application of section DU 3 (3) Section DU 3 applies with the additional modification that subsections (3) and (6) are omitted. Application of section DU 4 (4) Section DU 4 applies with the additional modification that subsection (4) is omitted. Additional modification of section DU 6 (5) For the purposes of subsection (1), section DU 6(1)(a)(ii) applies as described in section DZ 12(2)(b) (Mineral mining: 1954–2005). Defined in this Act: associated mining operations , income , income from mining , mining company , mining operations , mining venture , non-resident mining operator , Compare: 2004 No 35 s DU 10