Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)

Schedule 1   Tax relief for certain mining arrangements

Part 2   Farm-in farm-out arrangements

Income Tax Assessment Act 1997

8   At the end of subsection 40-180(4)

Add:

Note: The first element of cost may be reduced under section 40-1105 to account for exploration benefits received under farm-in farm-out arrangements.