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
Add:
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.
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