MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-3
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ADJUSTING MRRT LIABILITIES
Division 165
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Starting base adjustments
Guide to Division 165
SECTION 165-1
165-1
WHAT THIS DIVISION IS ABOUT
If a starting base asset ceases to be part of a miner ' s starting base (for example, because the miner disposes of it), there may be a need to reconcile declines in value of the asset (reflected in starting base losses) with the actual change in value of the asset.
The appropriate starting base loss is adjusted to achieve this reconciliation. However, in some cases an additional amount will be included in a miner ' s mining revenue.
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