70‑40 Meaning of pre‑mining revenue70‑40 Meaning of pre‑mining revenue

#### 70‑40 Meaning of pre‑mining revenue (1) An \*entity’s pre‑mining revenue for a \*pre‑mining project interest that the entity \*holds, for an \*MRRT year, is the sum of all amounts that, under this Act, are included in the entity’s pre‑mining revenue for the interest for the year. > Note: Most of the amounts are covered by this section. However, amounts arising as a result of adjustments to take account of changes in circumstances may also be included in an entity’s pre‑mining revenue (see Division 160). (2) An amount is included in the \*entity’s \*pre‑mining revenue for the \*pre‑mining project interest for the year if the amount would have been included in the entity’s \*mining revenue for a mining project interest that the entity had for the year if: (a) to the extent that the amount related to the pre‑mining project interest, it had related to the mining project interest; and (b) to the extent that the amount related to \*pre‑mining expenditure for the pre‑mining project interest, it had related to \*mining expenditure for the mining project interest. (3) An amount that, under this section, is to be included in the \*entity’s pre‑mining revenue does not include: (a) any \*GST payable on a \*supply for which the amount is the consideration, or part of the consideration; or (b) any \*increasing adjustments that relate to such a supply.