Tax Laws Amendment (2012 Measures No. 6) Act 2013 (84 of 2013)

Schedule 3   Geothermal energy

Income Tax Assessment Act 1997

22   After subsection 40-730(7)


(7A) Geothermal energy resources means matter occurring naturally within the Earth and containing energy as heat.

(7B) Geothermal energy extraction means operations that are for:

(a) the extraction of energy from *geothermal energy resources; and

(b) the *purpose of producing assessable income.