165‑45 Reductions in starting base losse165‑45 Reductions in starting base losses

#### 165‑45 Reductions in starting base losses (1) This section applies if, on one or more occasions during an \*MRRT year, section 165‑35 applies to a miner ceasing to \*hold a part of a \*starting base asset relating to a mining project interest that a miner has. (2) In working out under subsection 80‑40(3) or (4) any reduction in an amount of a \*starting base loss for the mining project interest for the \*MRRT year or a later MRRT year, treat the starting base asset as not including, after the cessation, the disposed asset (within the meaning of section 165‑35) relating to that cessation. > Note: Reductions happen under subsection 80‑40(3) or (4) if the asset is used, installed for use, or constructed for use for a purpose other than carrying on upstream mining operations relating to the mining project interest, or in connection with excluded expenditure. > Note: Example: Using the example in subsection 165‑40(1), the miner’s starting base loss would be unaffected if, after the sale of the 75% interest in the truck, the purchaser used the truck for 75% of the time for a purpose that is entirely unrelated to the upstream mining operations for the mining project interest.