MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-4
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VALUATION
Division 180
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Valuation of starting base assets using the look-back approach
Guide to Division 180
SECTION 180-1
180-1
WHAT THIS DIVISION IS ABOUT
For valuation purposes, an entity can choose to use a " look-back " approach that replaces the market value of starting base assets as at 2 May 2010 with the amount of pre-mining expenditure incurred in the 10 years preceding that day.
Note:
This Division affects how declines in value are worked out under Division 90 .
| Operative provisions | |
| 180-5 | Choosing to apply the look-back approach |
| 180-10 | The effect of the look-back approach on valuation of mining project interests |
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