Appendix 15: Exploration Credits
Where a partnership is issued with exploration credits in an income year they may pass the exploration credits to their members. To be entitled to benefit from exploration credits, the member must be an Australian resident for the whole of the income year.
Special rules apply to a partner who receives exploration credits from partnership. You should refer to what to do when you receive exploration credits for more information.
AAT |
Administrative Appeals Tribunal |
ABN |
Australian business number |
ABR |
Australian Business Register |
ABS |
Australian Bureau of Statistics |
ACT |
Australian Capital Territory |
ADF |
approved deposit fund |
ADI |
authorised deposit-taking institution |
AEST |
Australian eastern standard time (by legal time in the Australian Capital Territory) |
ANZSIC |
Australian and New Zealand Standard Industrial Classification |
ATO |
Australian Taxation Office |
BSB |
bank state branch |
CGT |
capital gains tax |
Commissioner |
Commissioner of Taxation |
DGR |
deductible gift recipient |
DTA |
double tax agreement |
DVA |
Department of Veterans’ Affairs |
EFT |
electronic funds transfer |
ELS |
electronic lodgment service |
EPA |
environmental protection activities |
FBT |
fringe benefits tax |
FMD |
farm management deposit |
FMIS |
forestry managed investment scheme |
FTDT |
family trust distribution tax |
FTP |
file transfer protocol |
GIC |
general interest charge |
GST |
goods and services tax |
ID |
identification |
IRUs |
indefeasible rights to use telecommunications cable systems |
ITAA 1936 |
Income Tax Assessment Act 1936 |
ITAA 1997 |
Income Tax Assessment Act 1997 |
ITA(1936)R |
Income Tax Assessment (1936 Act) Regulation 2015 |
LIC |
listed investment company |
MEC |
Multiple entry consolidated group |
MLS |
Medicare levy surcharge |
NRAS |
National rental affordability scheme |
PAYG |
pay as you go |
PSI |
personal services income |
PST |
Pooled superannuation trust |
R&D |
research and development |
RBA |
running balance account |
RSA |
retirement savings account |
SGC |
superannuation guarantee charge |
SIS |
simplified imputation system |
STS |
simplified tax system |
TAA 1953 |
Taxation Administration Act 1953 |
TBNT |
trustee beneficiary non-disclosure tax |
TFN |
tax file number |
TOFA |
Taxation of Financial Arrangements |
Trust Loss Act |
Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998 |
UCA |
uniform capital allowance |
US |
United States of America |