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

24   Subsection 995-1(1)

Insert:

excess exploration credit tax means tax imposed by the Excess Exploration Credit Tax Act 2015.

exploration credit means an exploration credit created under Subdivision 418-D.

greenfields minerals expenditure has the meaning given by section 418-80.

greenfields minerals explorer has the meaning given by section 418-75.

maximum exploration credit amount has the meaning given by subsection 418-85(2).


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).