160‑10 Mining adjustments160‑10 Mining adjustments

#### 160‑10 Mining adjustments (1) An event or circumstance gives rise to an adjustment under this Division (a mining adjustment) for the \*MRRT year in which the event or circumstance happens if: (a) due to assumptions or estimates that were made, the event or circumstance was not taken into account in relation to the inclusion (or non‑inclusion) of an amount (the original amount) in: (i) \*mining revenue or \*mining expenditure for a mining project interest; or (ii) \*pre‑mining revenue or \*pre‑mining expenditure for a \*pre‑mining project interest; and (b) it becomes more likely than not that those assumptions or estimates are incorrect; and (c) taking the event or circumstance into account, as if they formed part of the circumstances that gave rise to the original amount, would have led to a different result in relation to the original amount. > Note: Subsection 160‑15(3) modifies the application of this section if a previous adjustment has been made under this Division in relation to the original amount. (2) The amount of the mining adjustment is the amount of that difference. (3) Without limiting subsection (1), the event or circumstance may be: (a) a change in the extent to which an asset is used for a particular purpose; or (b) the whole or part of a debt being written off as bad, or the whole or part of an amount written off as bad being recovered. (4) Without limiting subsection (1), the amount of the mining adjustment may be greater than the original amount. > Note: Example: An original amount of $48 million is included in a miner’s mining expenditure for an MRRT year. If, taking into account a circumstance or event that happens in a later MRRT year, the original amount would have instead been an amount of $12 million included in the miner’s mining revenue for the MRRT year, the difference is $60 million.