170‑5 Valuations to comply with valuatio170‑5 Valuations to comply with valuation principles

#### 170‑5 Valuations to comply with valuation principles (1) The value of a thing that is to be valued for the purposes of working out an amount under the \*MRRT law is to be worked out in accordance with the valuation principles set out in section 170‑10. > Note: The following are some examples of things that may be valued: (a) a starting base asset (to work out a starting base loss); (b) a mining project interest or pre‑mining project interest (to work out a split percentage). (2) Subsection (1) is a general rule that is subject to the specific rules in the \*MRRT law outside this Division. (3) To avoid doubt, subsection (1) applies: (a) whether or not a provision of the \*MRRT law requires a thing to be valued at its \*market value; and (b) whether or not a provision of the MRRT law expressly requires an amount to be worked out by making a valuation.