Ann: A$150.8 Million Equity Raising to Fund Acqui, page-42

re: Ann: A$150.8 Million Equity Raising to Fu... LOL 30% is the rate of the MRRT, which is further reduced to 22.5% because of the extraction allowance, but the tax kicks when the profit for the project is equal to the bond rate + 7%.

So the bond rate is 5%, the MRRT kicks in when a company makes 12% annual return, less the capital expenditure.

Oh, and the profit has to be over $50M. It's unlikely COK will achieve that any time soon, certainly not from Baralaba!

Try this link for a comparison:

http://www.smh.com.au/business/rspt-v-mrrt--the-differences-20100702-zs7a.html