INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 418 - Exploration for minerals  

Subdivision 418-E - Issuing exploration credits  

SECTION 418-120   418-120   The total of all exploration credits issued in relation to exploration investment  


The total amount of all *exploration credits issued by an entity (the minerals explorer ) to another entity (the investor ) in relation to *exploration investment made by the investor in the minerals explorer in an income year (the investment year ) must not exceed the amount worked out using the following formula:


The corporate tax rate for the minerals explorer for the investment year × The amount of the investor ' s *exploration investment in the minerals explorer in the investment year


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.