Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Commissioner may determine, by written notice given to an entity that is, or has been, liable to pay * excess exploration credit tax for an income year, that the entity is no longer to be treated as a * greenfields minerals explorer.
(2) The determination takes effect from:
(a) if, at the time the notice is given, the entity has not issued any * exploration credits for the income year (the credit year ) immediately preceding the income year in which the notice is given--the credit year; or
(b) otherwise--the next income year.
(3) If the entity or a * member of the entity is dissatisfied with a determination under subsection (1), the entity or member may object to it in the manner set out in Part IVC of the Taxation Administration Act 1953 .
418 - 190 Annual impact assessments of this Division