Commonwealth Consolidated Acts

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What this Subdivision is about

The costs and termination values of parts of interests in mining, quarrying or prospecting rights that are transferred under farm-in farm-out arrangements are reduced by the market value of the exploration benefits conferred under the arrangements.

Table of sections

Farm-in farm-out arrangements and exploration benefits

40-1100    Meaning of farm-in farm-out arrangement and exploration benefit

Consequences for transferors

40-1105    Treatment of certain exploration benefits received under farm-in farm-out arrangements

40-1110    Cost of split interests resulting from farm-in farm-out arrangements

40-1115    Deductions relating to receipt of exploration benefits

40-1120    Cost base and reduced cost base of exploration benefits etc.

40-1125    Effect of exploration benefits on the cost of mining, quarrying or prospecting information

Consequences for transferees

40-1130    Consequences of certain exploration benefits provided under farm-in farm-out arrangements

Farm-in farm-out arrangements and exploration benefits

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