#### 70‑45 Pre‑mining losses for the MRRT years in which they arise In the \*MRRT year in which a \*pre‑mining loss arises, the amount of the pre‑mining loss is the difference between: (a) the \*entity’s \*pre‑mining expenditure, for the \*pre‑mining project interest to which the pre‑mining loss relates, for the year; and (b) the entity’s \*pre‑mining revenue for that pre‑mining project interest for the year.

Previous section70‑40 Meaning of pre‑mining revenue70‑40 Meaning of pre‑mining revenue Next section70‑50 Pre‑mining losses for later MRRT y70‑50 Pre‑mining losses for later MRRT years

Section 70‑45 Pre‑mining losses for the MRRT yea - Minerals Resource Rent Tax Act 2012 - 70‑45 Pre‑mining losses for the MRRT years in which they arise — Zoe