Income Tax Assessment Act 1997
An entity that has created *exploration credits for an income year (the credit year ) must notify the Commissioner of the issuing or expiry of the credits. 418-130(2)
The notice must:
(a) be in the *approved form; and
(b) be given to the Commissioner on or before the due date:
(i) if the entity is an *investment body for *Part VA investments - for giving to the Commissioner an *annual investment income report in respect of the *financial year corresponding to the year immediately following the credit year; or
(ii) otherwise - for the entity to lodge its *income tax return for the income year that immediately follows the credit year.