90‑45 Mining project interest originatin90‑45 Mining project interest originating from pre‑mining project interests etc.

#### 90‑45 Mining project interest originating from pre‑mining project interests etc. (1) For the purpose of working out under section 90‑40 the \*base value of a \*starting base asset, relating to a mining project interest, for the \*MRRT year in which the \*start time for the asset happens, if: (a) the asset is, or includes, the rights and interests that constitute the mining project interest; and (b) the mining project interest did not exist on 1 May 2010; and (c) the mining project interest \*originates from one or more \*pre‑mining project interests, or one or more parts of pre‑mining project interests, that existed just before 2 May 2010; assume that the mining project interest is a continuation of the pre‑mining project interest. (1A) Without limiting subsection (1), assume also that the \*market value of the asset on 1 May 2010 was an amount equal to the market value, on that day, of the rights and interests that constitute the \*pre‑mining project interest or pre‑mining project interests, or the part or parts, from which the mining project interest \*originates. (2) However, subsection (1A) does not apply if the \*entity has made a choice under section 180‑5 (look‑back approach) relating to the mining project interest.