180‑1 What this Division is about180‑1 What this Division is about

#### 180‑1 What this Division is about For valuation purposes, an entity can choose to use a “look‑back” approach that replaces the market value of starting base assets as at 2 May 2010 with the amount of pre‑mining expenditure incurred in the 10 years preceding that day. > Note: This Division affects how declines in value are worked out under Division 90. Table of sections Operative provisions 180‑5 Choosing to apply the look‑back approach 180‑10 The effect of the look‑back approach on valuation of mining project interests