100‑10 When a miner has a transferred mi100‑10 When a miner has a transferred mining loss allowance

100‑10 When a miner has a transferred mining loss allowance

A miner has a transferred mining loss allowance for a mining project interest for an *MRRT year if: (a) there is an amount (a remaining profit) by which the miner’s *mining profit for the interest for the year exceeds the sum of all the *higher ranking allowances (if any) that the miner has for the interest for the year; and (b) there are one or more *mining losses (available mining losses) that, under section 100‑20, can be applied in working out the transferred mining loss allowance for the interest for the year.