Show download pdf controls
  • Have your say on the JMEI

    The Junior Minerals Exploration Incentive (JMEI) scheme began in 2018 and encourages investment in small minerals exploration companies that carry out greenfields mineral exploration in Australia. The scheme allows companies to convert a portion of their tax losses into credits that may be passed onto investors of newly issued shares as a franking credit or refundable tax offset.

    The scheme provides $100 million over four rounds, and the final round closed last month. Seventy companies have been allocated credits under the scheme over the first three rounds of JMEI.

    The Department of Industry, Science, Energy and Resources (DISER) are conducting an annual impact assessment to see how successful the scheme is at attracting investment in its first round. DISER are also reviewing the JMEI's design, implementation, early outcomes and impact more broadly.

    • For the annual impact assessment, industry stakeholders and participants are invited to read the discussion paperExternal Link and make a written submission, to share their views and any evidence of increased exploration or prospecting activity during this period.
    • For the review, participants and applicants, including those who were successful or unsuccessful when applying for the scheme, are invited to complete a surveyExternal Link – this is an opportunity to provide feedback on what worked and how the scheme or similar programs can be improved.

    Provide your feedback by Monday 3 August 2020.

    See also:

    Last modified: 27 Jul 2020QC 63236