MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-5 - STARTING BASE ALLOWANCES  

Division 90 - Declines in value of starting base assets  

Subdivision 90-B - Base values under the book value approach  

SECTION 90-30  

90-30   LATER BASE VALUES  
The base value of the * starting base asset , for an * MRRT year that is after the MRRT year in which the * start time for the asset happens, is:

(Preceding base value − Preceding decline in value) × Uplift factor

where:

preceding base value
is the base value of the asset for the preceding * MRRT year .

preceding decline in value
is the decline in value of the asset, worked out under section 90-5 , for the preceding * MRRT year .

uplift factor
is:

* Long term bond rate for the preceding * MRRT year + 1.07