165‑25 The effect of starting base adjus165‑25 The effect of starting base adjustments on starting base losses

#### 165‑25 The effect of starting base adjustments on starting base losses Positive starting base adjustments (1) If: (a) there is a \*starting base adjustment, for a mining project interest for an \*MRRT year, that is a positive amount; and (b) there is a \*starting base loss for the mining project interest for the MRRT year; the starting base loss is increased by the starting base adjustment. (2) If: (a) there is a \*starting base adjustment, for a mining project interest for an \*MRRT year, that is a positive amount; and (b) there is (apart from this subsection) no \*starting base loss for the mining project interest for the MRRT year; there is taken to be such a starting base loss equal to the starting base adjustment. Negative starting base adjustments (3) If: (a) there is a \*starting base adjustment, for a mining project interest for an \*MRRT year, that is a negative amount; and (b) there are one or more \*starting base losses for the mining project interest; the starting base loss, or one or more of the starting base losses, are reduced by the starting base adjustment (expressed as a positive amount). (4) If there is more than one \*starting base loss, the starting base adjustment is applied to reduce the starting base losses in the order in which they arose. > Note: The amount by which that starting base adjustment exceeds all the starting base losses is included in mining revenue under subsection 165‑30(2).