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-D - Creating exploration credits  

SECTION 418-81   Meaning of exploration credits allocation for an income year  

418-81(1)  
An entity has an exploration credits allocation for an income year if the Commissioner makes a determination under section 418-101 allocating the entity *exploration credits for the income year.

418-81(2)  
The amount of the entity ' s exploration credits allocation for the income year is the amount of *exploration credits allocated to the entity under the determination.

418-81(3)  
If no determination is made allocating *exploration credits to the entity for the income year, the amount of the entity ' s exploration credits allocation for the year is nil.


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