MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-4 - VALUATION  

Division 180 - Valuation of starting base assets using the look-back approach  

Guide to Division 180  

SECTION 180-1   180-1   WHAT THIS DIVISION IS ABOUT  

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.

Note:

This Division affects how declines in value are worked out under Division 90 .


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
180-5 Choosing to apply the look-back approach
180-10 The effect of the look-back approach on valuation of mining project interests




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