Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:7_14
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 7 cl 14
Character Range: 86288–87022

14  Subparagraphs 80‑25(3)(b)(i) and (ii)
Repeal the subparagraphs, substitute:
 (i) a valid choice has not been made under section 85‑5 specifying the valuation approach for the mining project interest; or
 (ii) a starting base assessment (within the meaning of subitem 15(3) of Schedule 4 to the Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012) does not cover the property or right; or
 (iii) immediately before 1 July 2012, the property or right was not *held by the *entity that, at that time, had the mining project interest (or held the *pre‑mining project interest from which the mining project interest *originated); or
 (iv) the property or right did not exist before 1 July 2012.