140‑20 Treatment of pre‑mining profits—m140‑20 Treatment of pre‑mining profits—mining project interest originating from the pre‑mining project interest

#### 140‑20 Treatment of pre‑mining profits—mining project interest originating from the pre‑mining project interest If the \*entity has a mining project interest that \*originates, during an \*MRRT year, from a \*pre‑mining project interest for which the entity has a \*pre‑mining profit for the MRRT year: (a) the pre‑mining profit is included in the entity’s \*mining revenue of the mining project interest for the MRRT year; and (b) section 140‑10 does not apply. > Note: Example: A miner holds a pre‑mining project interest that, in the 2015‑16 MRRT year has a pre‑mining profit of $10 million. During the MRRT year, a mining project interest originates from the pre‑mining project interest. The mining revenue and mining expenditure for the mining project interest are $60 million and $100 million respectively. > Note: Under section 75‑20, the miner’s mining loss for the mining project interest for the MRRT year is: > Note: