Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)

Schedule 2   Sale of mining rights

Income Tax Assessment Act 1997

3   Subsection 330-60(1)

After "income tax", insert:

if:

(d) you acquired those rights before 7.30 pm, by legal time in the Australian Capital Territory, on 20 August 1996; and

(e) you*derive the*ordinary income before 20 August 2001; and

(f) you were a*genuine prospector on or before 20 August 1996, and you are one when you derive the ordinary income.