90‑1 What this Division is about90‑1 What this Division is about

#### 90‑1 What this Division is about The decline in value of a starting base asset during an MRRT year counts towards the miner’s starting base loss for a mining project interest for the year. Under the book value approach, the base value of a starting base asset includes its value in the most recent financial report before 2 May 2010. Under the market value approach, the base value includes its market value as at 1 May 2010. Under either approach, the base value may also include expenditure incurred before 1 July 2012. Under the book value approach, an uplift factor, based on the long term bond rate plus 7%, is applied to components of the asset’s base value. Under the market value approach, an uplift factor is not applied.