INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 197 - Tainted share capital accounts  

Subdivision 197-A - What transfers into a company ' s share capital account does this Division apply to?  

SECTION 197-42   197-42   Exclusion for exploration credits  


This Division does not apply to the transferred amount if:


(a) the company transferring the amount is a *greenfields minerals explorer; and


(b) the amount is transferred in connection with the creation of *exploration credits.


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