Income Tax Assessment Act 1997
As soon as practicable after the end of each income year referred to in subsection (2), the Minister must cause to be conducted an impact assessment of the operation of this Division during that income year. The objective of the impact assessment should be to measure the additional *exploration or prospecting attributable to the Division. 418-190(2)
The income years are as follows:
(a) the 2017-2018 income year;
(b) the 2018-2019 income year;
(c) the 2019-2020 income year;
(d) the 2020-2021 income year. 418-190(3)
Each impact assessment must make provision for public consultation, including consultation with the industry. 418-190(4)
The Minister must cause to be prepared a report of each impact assessment. The report must include any information made publicly available by the Commissioner under section 3F of the Taxation Administration Act 1953 in relation to *exploration credits allocated for the income year. 418-190(5)
The Minister must cause a copy of a report of an impact assessment to be published on the Australian Taxation Office website as soon as practicable after the completion of the preparation of the report.
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