CTHRepealedAct
Minerals Resource Rent Tax Act 2012
80‑20 When a miner has a starting base l80‑20 When a miner has a starting base loss
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80‑20 When a miner has a starting base loss
(1) A starting base loss arises for a mining project interest for an *MRRT year if at the same time during the year, the same miner: (a) has the mining project interest; and (b) *holds a *starting base asset relating to the mining project interest. (2) The *starting base loss ceases to be a starting base loss if it has been fully applied in working out one or more *starting base allowances for the mining project interest.