175‑35 Downstream operating costs175‑35 Downstream operating costs

175‑35 Downstream operating costs

(1) The miner’s downstream operating costs for the *MRRT year are the sum of the miner’s expenditure, to the extent (if any) that each amount of expenditure meets the following requirements: (a) it is necessarily incurred during the year in carrying on activities that: (i) relate to a *taxable resource covered by the alternative valuation method for the year; and (ii) happen between the *valuation point for the taxable resource and the time of the *mining revenue event mentioned in subsection 175‑20(2); (b) it is not a loss or outgoing of capital, or of a capital nature. (2) Disregard, for the purposes of subsection (1), expenditure to the extent that it is *excluded expenditure.