80‑45 Starting base losses for later MRR80‑45 Starting base losses for later MRRT years

#### 80‑45 Starting base losses for later MRRT years (1) In a later \*MRRT year, the amount of the \*starting base loss is:  where: > previous application of the amount is the sum of the parts (if any) of the \*starting base loss that have been applied in working out, for the preceding \*MRRT year, a \*starting base allowance for the mining project interest. > previous starting base loss is the \*starting base loss for the preceding \*MRRT year. > uplift factor is one of the following: (a) if, under Division 85, the book value approach is the valuation approach for the mining project interest:  (b) if, under Division 85, the market value approach is the valuation approach for the mining project interest:  where: relevant financial year is: (i) if the \*MRRT year is a \*financial year—the MRRT year; or (ii) if the MRRT year is not a financial year—the financial year corresponding to the MRRT year. (2) The amount worked out under paragraph (b) of the definition of uplift factor in subsection (1) is to be worked out to 3 decimal places (rounding up if the fourth decimal place is 5 or more).