MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 3
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MRRT ALLOWANCES
PART 3-5
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STARTING BASE ALLOWANCES
Division 90
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Declines in value of starting base assets
Subdivision 90-B
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Base values under the book value approach
SECTION 90-20
90-20
APPLICATION OF THIS SUBDIVISION
This Subdivision applies to a * starting base asset relating to a mining project interest if, under Division 85 , the book value approach is the valuation approach for mining project interest.
This Subdivision applies to a * starting base asset relating to a mining project interest if, under Division 85 , the book value approach is the valuation approach for mining project interest.
Note:
A base value for an MRRT year during which the asset " rejoins " the starting base after a starting base adjustment event happened is worked out under section 165-60 .
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