MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-5 - STARTING BASE ALLOWANCES  

Division 85 - Valuation approaches  

Guide to Division 85  

SECTION 85-1   85-1   WHAT THIS DIVISION IS ABOUT  

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).

Note:

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 .


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
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




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