Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 418.135

  (1)   An entity must notify the Commissioner if:

  (a)   the Commissioner has made a determination under section   418 - 101 allocating the entity * exploration credits for an income year; and

  (b)   no * exploration investment is made in the entity in the income year.

  (2)   The notice must:

  (a)   be in the * approved form; and

  (b)   be given to the Commissioner within 30 days after the end of the income year.

Table of sections

418 - 150   Excess exploration credit tax

418 - 151   Complying exploration credit amount

418 - 155   Due date for payment of excess exploration credit tax

418 - 160   Returns

418 - 165   When shortfall interest charge is payable

418 - 170   General interest charge

418 - 175   Refunds of amounts overpaid

418 - 180   Record keeping

418 - 185   Determining an entity not to be a greenfields minerals explorer