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

Schedule 2 Junior minerals exploration incentive extension

Add:

418-135 Notifying the Commissioner if no exploration investment in income year for which credits allocated

(1) An entity must notify the Commissioner if:

(a) the Commissioner has made a determination under section 418-101 allocating the entity *exploration credits for an income year; and

(b) no *exploration investment is made in the entity in the income year.

(2) The notice must:

(a) be in the *approved form; and

(b) be given to the Commissioner within 30 days after the end of the income year.