MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
The amount of the miner ' s * starting base allowance is so much of the sum of the miner ' s available starting base losses as does not exceed the remaining profit.
80-15(2)
In working out the amount of a * starting base allowance , * starting base losses are applied in the order in which they arise.
Note 1:
If an available starting base loss cannot be wholly applied in an MRRT year, the unapplied amount can be carried forward: see section 80-45 .
Note 2:
Starting base losses can be affected by starting base adjustments under Division 165 .
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.
