MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]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.
This Division affects how declines in value are worked out under Division 90 .
|180-5||Choosing to apply the look-back approach|
|180-10||The effect of the look-back approach on valuation of mining project interests|