MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-1 - MINING PROJECT INTERESTS  

Division 115 - Combining mining project interests  

Subdivision 115-B - When mining project interests are combined  

SECTION 115-35  

115-35   STARTING BASE LOSSES AND STARTING BASE ASSETS  
A * starting base loss , or a * starting base asset , that relates to one of the constituent interests complies with this section if:

(a) the constituent interest:

(i) existed on 2 May 2010; or

(ii) * originates from a * pre-mining project interest that existed on 2 May 2010; and

(b) the miner who has the constituent interest is, and at all times since 2 May 2010 has been, the miner who has each other constituent interest (or the pre-mining project interest from which the interest originates).