165‑20 Starting base adjustments165‑20 Starting base adjustments

165‑20 Starting base adjustments

(1) If there is, for an *MRRT year, at least one *starting base adjustment amount for a *starting base asset relating to a mining project interest, the starting base adjustment for the mining project interest for the MRRT year is the amount obtained by subtracting: (a) all of those starting base adjustment amounts (if any) arising under subsection 165‑10(1); from (b) all of those starting base adjustment amounts (if any) arising under subsection 165‑10(2). (2) The *starting base adjustment may be a negative amount, but there is no starting base adjustment if the amount worked out under subsection (1) is zero.