MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
A starting base loss arises for a mining project interest for an * MRRT year if at the same time during the year, the same miner:
(a) has the mining project interest; and
(b) * holds a * starting base asset relating to the mining project interest.
80-20(2)
The * starting base loss ceases to be a starting base loss if it has been fully applied in working out one or more * starting base allowances for the mining project interest.
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