#### 115‑35 Starting base losses and starting base assets A \*starting base loss, or a \*starting base asset, that relates to one of the constituent interests complies with this section if: (a) the constituent interest: (i) existed on 2 May 2010; or (ii) \*originates from a \*pre‑mining project interest that existed on 2 May 2010; and (b) the miner who has the constituent interest is, and at all times since 2 May 2010 has been, the miner who has each other constituent interest (or the pre‑mining project interest from which the interest originates).

Previous section115‑30 Transferability of mining losses115‑30 Transferability of mining losses Next section115‑40 The effect of combining mining pr115‑40 The effect of combining mining project interests

Section 115‑35 Starting base losses and starting - Minerals Resource Rent Tax Act 2012 - 115‑35 Starting base losses and starting base assets — Zoe