#### 250‑5 Meaning of hold (1) An \*entity holds a thing referred to in subsection (2) if: (a) the thing is a \*depreciating asset that the entity holds (within the meaning of section 40‑40 of the Income Tax Assessment Act 1997); or (b) the entity would hold the thing (within the meaning of that section) if it were a depreciating asset. (2) The things are as follows: (a) a \*starting base asset relating to a mining project interest (or any property or right that is expected to be a starting base asset after the time mentioned in subsection 80‑25(2)); (b) an asset to which section 175‑40 applies; (c) a \*pre‑mining project interest. (3) However, the \*entity that has a mining project interest is taken to hold the \*starting base asset that is or includes the rights and interests constituting the mining project interest.

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