Document ID: chunk:federal_register_of_legislation:C2014A00069:clause:1_8
Version: federal_register_of_legislation:C2014A00069
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 7603–8290

8  Subsection 40‑110(3B)
Repeal the subsection, substitute:
 (3B) You may choose to recalculate the *effective life of a *mining, quarrying or prospecting right, or *mining, quarrying or prospecting information, from a later income year if the effective life you have been using is no longer accurate:
 (a) because of changed circumstances relating to an existing or proposed mine, petroleum field or quarry to which that right or information relates; or
 (b) because that right or information now relates to an existing or proposed mine, petroleum field or quarry; or
 (c) because that right or information no longer relates to an existing or proposed mine, petroleum field or quarry.