175‑10 Choosing to use the alternative v175‑10 Choosing to use the alternative valuation method

#### 175‑10 Choosing to use the alternative valuation method (1) A miner may choose to use the alternative valuation method in relation to a mining project interest that the miner has, for an \*MRRT year, if either or both of the following apply: (a) group production of \*taxable resources for the miner for that year under section 175‑15 is less than 10 million tonnes; (b) taxable resources extracted during the year from the \*project area for the mining project interest are used as part of an operation that: (i) is for \*supplying things (other than taxable resources) produced using a taxable resource extracted under the authority of a \*production right to which the project area relates; and (ii) existed in \*Australia just before 2 May 2010; and (iii) the miner carries on (whether alone or jointly with other \*entities). > Note: Division 119 in Schedule 1 to the Taxation Administration Act 1953 is about choices under the MRRT law. (2) Each choice that the miner makes must relate to: (a) a single mining project interest that the miner has; and (b) a single \*MRRT year.