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MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-3 - ADJUSTING MRRT LIABILITIES  

Division 165 - Starting base adjustments  

Guide to Division 165  

SECTION 165-1  

165-1   WHAT THIS DIVISION IS ABOUT  

If a starting base asset ceases to be part of a miner ' s starting base (for example, because the miner disposes of it), there may be a need to reconcile declines in value of the asset (reflected in starting base losses) with the actual change in value of the asset.

The appropriate starting base loss is adjusted to achieve this reconciliation. However, in some cases an additional amount will be included in a miner ' s mining revenue.


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