Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 40.740

Meaning of ancillary mining activities and mining building site

             (1)  Any of the following are ancillary mining activities :

                     (a)  preparing a site for you to carry on * mining and quarrying operations;

                     (b)  providing water, light or power for, access to, or communications with, a site on which you carry on, or will carry on, mining and quarrying operations;

                     (c)  * minerals treatment of * minerals or minerals treatment of quarry materials, obtained by you in carrying on mining and quarrying operations;

                     (d)  storing (whether before or after minerals treatment) such minerals, * petroleum or quarry materials in relation to the operation of a * depreciating asset for use primarily and principally in treating such minerals or quarry materials;

                     (e)  liquefying natural gas obtained from mining and quarrying operations you carry on.

             (2)  A mining building site is a site, or a part of a site, where there are * depreciating assets that are or were necessary for you to carry on * mining and quarrying operations. However, a mining building site does not include anything covered by the definition of housing and welfare .



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