145‑30 Pre‑mining project transfer when 145‑30 Pre‑mining project transfer when mining project interest originates

#### 145‑30 Pre‑mining project transfer when mining project interest originates (1) If a single mining project interest \*originates from a \*pre‑mining project interest and relates to the whole of the \*project area for the pre‑mining project interest: (a) the origination is taken to be a \*pre‑mining project transfer; and (b) for the purposes of paragraph (a), the \*MRRT law applies: (i) in the same way in relation to the mining project interest as it applies in relation to a pre‑mining project interest that exists after a pre‑mining project transfer; and (ii) in the same way in relation to the miner that has the mining project interest just after it so originates as it applies in relation to an \*entity that \*holds a pre‑mining project interest after a pre‑mining project transfer. (2) In applying this Division for the purposes of subsection (1), disregard subsection 145‑15(3). (3) If, because of the application of this Division, a mining project interest has, for the part of the \*MRRT year before it \*originates from a \*pre‑mining project interest: (a) \*pre‑mining revenue that exceeds \*pre‑mining expenditure—the excess is treated as \*pre‑mining profit of the pre‑mining project interest for the MRRT year; or (b) pre‑mining expenditure that exceeds pre‑mining revenue—the excess is treated as a \*pre‑mining loss of the pre‑mining project interest for the MRRT year. > Note: For the treatment of pre‑mining profits, see section 140‑20\. For the treatment of pre‑mining losses, see Divisions 70 and 95.