155‑25 Extinguishing allowance component155‑25 Extinguishing allowance components

155‑25 Extinguishing allowance components

(1) If the *termination day for a *pre‑mining project interest happens in a particular *MRRT year, an *allowance component relating to the pre‑mining project interest: (a) is extinguished if it relates to that MRRT year or an earlier MRRT year, except to the extent that it is applied in working out, for that MRRT year: (i) in relation to the pre‑mining project interest, an amount, for the purposes of section 140‑10, corresponding to an *MRRT allowance; or (ii) an MRRT allowance for any mining project interest; and (b) is extinguished if it relates to a later MRRT year, except to the extent that it is applied in working out, for that later MRRT year: (i) in relation to the pre‑mining project interest, an amount, for the purposes of section 140‑10, corresponding to an *MRRT allowance; or (ii) an MRRT allowance for any mining project interest. (2) This section does not apply if the *termination day happens because a mining project interest *originates from the *pre‑mining project interest.