4DTreatment of allowances, deductions, revenues and

4D Treatment of allowances, deductions, revenues and expenditures (1) No deduction or allowance under this Act may be made more than once in respect of any one amount expended, whether for the same royalty year or a different royalty year, despite the amount: (a) falling under more than one head of allowance or deduction under this Act; or (b) being reflected or capable of being reflected in the financial accounts relating to the production unit in more than one form. (2) When ascertaining net value or gross production revenue, an item of revenue or expenditure must be classified under the most appropriate provision of this Act, even if it might also be classified under another provision as revenue (including as an amount that reduces the gross value of a saleable mineral commodity) or as expenditure. (3) For subsection (2), the items mentioned in section 4B(1)(q) to (zb) are classified as expenditures.