Western Australian Consolidated Regulations

MINING (ELLENDALE DIAMOND ROYALTIES) REGULATIONS 2002 - REG 9

9 .         Losses

        (1)         Where, in relation to a year, the allowable deductions exceed the sales value a loss is deemed to have been incurred by the tenement holder in respect of that year and the amount of the loss is deemed to be the amount by which the allowable deductions for that year exceed the sales value for that year.

        [(2)         deleted]

        [Regulation 9 amended in Gazette 31 Dec 2008 p. 5684.]