MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-5 - STARTING BASE ALLOWANCES  

Division 90 - Declines in value of starting base assets  

Subdivision 90-C - Base values under the market value approach  

SECTION 90-50   90-50   LATER BASE VALUES  
The base value of the * starting base asset , for an * MRRT year that is not the MRRT year in which the * start time for the asset happens, is an amount equal to the difference between:


(a) the base value of the asset for the preceding MRRT year; and


(b) the decline in value of the asset, worked out under section 90-5 , for the preceding MRRT year.




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