AbstractNeoproterozoic–Cambrian rocks of the Zavkhan Basin (Govi-Altay, western Mongolia) comprise large-scale alternations of siliciclastic- and carbonate-dominated units (cf. ‘Grand Cycles’). Analysis of such depositional sequences near the base of the Cambrian confirms that the distribution of trace fossils, small shelly fossils and calcimicrobial structures was strongly controlled by ecology and taphonomy, corresponding to specific points in a sea-level cycle. Evolution of the Cambrian biota is thus viewed through aseries of narrow time windows, once only for each depositional cycle. Correlation of the Precambrian–Cambrian boundary level on the basis of the first appearance of thePhycodes pedumassemblage is also fraught with difficulty, since stratigraphic resolution may be limited to a single sea-level cycle(c. 1–5 Ma). It is suggested that, in many cases, basin analysis will need to be undertaken before this boundary can be drawn.