70‑5 Objects of this Division70‑5 Objects of this Division

#### 70‑5 Objects of this Division The objects of this Division are: (a) to recognise a miner’s net expenditure (including exploration expenditure) incurred, before a \*production right is granted, in identifying and evaluating whether \*taxable resources could be extracted from an area; and (b) to provide an uplift for unapplied \*pre‑mining losses, which compensates for: (i) the delay where pre‑mining losses are applied in a later year; and (ii) the risk that pre‑mining losses may not be able to be applied in a later year.