MINERALS RESOURCE RENT TAX ACT 2012 [ REPEALED]

CHAPTER 3 - MRRT ALLOWANCES  

PART 3-5 - STARTING BASE ALLOWANCES  

Division 90 - Declines in value of starting base assets  

Subdivision 90-B - Base values under the book value approach  

SECTION 90-20   90-20   APPLICATION OF THIS SUBDIVISION  
This Subdivision applies to a * starting base asset relating to a mining project interest if, under Division 85 , the book value approach is the valuation approach for mining project interest.

Note:

A base value for an MRRT year during which the asset " rejoins " the starting base after a starting base adjustment event happened is worked out under section 165-60 .




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