MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
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 |
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
