Treasury Laws Amendment (2021 Measures No. 4) Act 2021 (72 of 2021)

Schedule 2   Junior minerals exploration incentive extension

Income Tax Assessment Act 1997

11   At the end of subsection 418-103(1)

Add:

; (e) for the 2021-22 income year - $25 million;

(f) for the 2022-23 income year - $25 million, plus the exploration credits remainder for the immediately preceding income year;

(g) for the 2023-24 income year - $25 million, plus the exploration credits remainder for the immediately preceding income year and any other amount prescribed for the purposes of this paragraph;

(h) for the 2024-25 income year - $25 million, plus the exploration credits remainder for the immediately preceding income year and any other amount prescribed for the purposes of this paragraph.