125‑15 Meaning of split percentage125‑15 Meaning of split percentage

125‑15 Meaning of split percentage

(1) The split percentage for a new interest a miner has just after a *mining project split is the percentage that best reflects a reasonable approximation of the *market value of the new interest, expressed as a percentage of the sum of the market values of all the new interests arising from the split. (2) The *market values mentioned in subsection (1) are those values just after the *mining project split to which the new interest relates. (3) To avoid doubt, the sum of the *split percentages for the new interests must equal 100%.