• Exploration Development Incentive Excess Exploration Credit tax return form and instructions

    Complete this return if you have issued a greater value of exploration credits than your maximum allowable amount for the income year.

    Download the Exploration Development Incentive Excess Exploration Credit tax return form

    If you have issued more exploration credits than the maximum allowable amount for the year, then you are liable for excess exploration credit tax for that income year. Your shareholders will not be impacted.

    Completing the EDI Credit tax return form

    Section A: Entity details

    1. Complete all necessary fields

    Section B: Excess exploration credit tax details

    1. Write at item 4 the amount of exploration credits you issued for the income year.    
    2. Write at item 5 the maximum amount of exploration credits you were able to issue for the income year as determined at the time of lodging this return.
    3. Write at item 6 the amount of the excess exploration credit tax for the income year. (The amount of excess exploration credit tax is calculated by subtracting item 5 from item 4).   

    Section C: Declaration

    1. Complete all necessary fields.

    How to lodge your EDI Credit tax return form

    Make a copy of your form for your own records. You can lodge it:

    • online – sign in to online portal, navigate to mail, select ‘New message’ and the Exploration Development Incentive topic
    • by mail to    

    Australian Taxation Office
    PO Box 3130
    PENRITH NSW 2740

    • by fax to 1300 730 298 – do not include a header or cover sheet as this will delay processing.
    Last modified: 23 Mar 2016QC 48541