Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 418.5

Object of this Division

                   The object of this Division is to encourage investment in minerals exploration in Australia by allowing the benefit of losses from minerals exploration to flow to shareholders who share in the risk of the exploration.

Table of sections

Entitlement to junior minerals exploration incentive tax offset

418-10      Who is entitled to the tax offset--ordinary case

418-15      Who is entitled to the tax offset--life insurance company

418-20      Entitlement of member of a trust or partnership to a share of exploration credits

Amount of junior minerals exploration incentive tax offset

418-25      The amount of the tax offset

418-30      Reduced amount of the tax offset for certain trusts

Entitlement to junior minerals exploration incentive tax offset



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