Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)

Schedule 6   Exploration development incentive

Part 2   Other amendments

Income Tax Assessment Act 1997

18   At the end of Subdivision 197-A


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.