MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]
The 2 valuation approaches are the book value approach and the market value approach.
An entity can choose which valuation approach to apply to all of its starting base assets relating to a mining project interest (or a pre-mining project interest).
In some limited cases in which the market value approach would otherwise apply, a look-back approach to valuation can be chosen: see Division 180 .
|85-5||Choosing a valuation approach|
|85-10||Restriction on specifying the book value approach|
|85-15||The valuation approach for a mining project interest|