Income Tax Assessment Act 1997



Division 40 - Capital allowances  

Subdivision 40-I - Capital expenditure that is deductible over time  

Operative provisions

SECTION 40-875   Meaning of processed minerals and minerals treatment  

Processed minerals are any of the following:

(a) materials resulting from * minerals treatment of * minerals or quarry materials (except * petroleum);

(b) materials resulting from sintering or calcining;

(c) pellets or other agglomerated forms of iron;

(d) alumina and blister copper.

Minerals treatment means:

(a) cleaning, leaching, crushing, grinding, breaking, screening, grading or sizing; or

(b) concentration by a gravity, magnetic, electrostatic or flotation process; or

(c) any other treatment:

(i) that is applied to * minerals, or to quarry materials, before that concentration; or

(ii) for a mineral or materials not requiring that concentration, that would, if the mineral or materials had required concentration, have been applied before the concentration;

but does not include:

(d) sintering or calcining; or

(e) producing alumina, or pellets or other agglomerated forms of iron, or processing connected with such production.


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