House of Representatives
Treasury Laws Amendment (Junior Minerals Exploration Incentive) Bill 2017
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Productivity Commission (2013). Mineral and Energy Resource Exploration .
Australian Bureau of Statistics (2017). Mineral and Petroleum Exploration , cat . No . 8412 .
Department of Finance, Canada. 2013. 'Part 2: Flow-Through Shares: A Statistical Perspective'. Tax Expenditures and Evaluations 2013 . https://www.fin.gc.ca/taxexp-depfisc/2013/taxexp1302-eng.asp.
To ensure that in each year the funding cap was not exceeded, the ATO calculated a modulation factor once participating companies provided notice of their estimated minerals exploration expenditure for the relevant financial year. Entities needed to apply the modulation factor in working out the maximum amount of credits they could issue.
Department of Finance, Canada. 2013. 'Part 2: Flow-Through Shares: A Statistical Perspective'. Tax Expenditures and Evaluations 2013 . https://www.fin.gc.ca/taxexp-depfisc/2013/taxexp1302-eng.asp.