Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)
Schedule 1 Tax relief for certain mining arrangements
Part 2 Farm-in farm-out arrangements
Income Tax Assessment Act 1997
13 Section 112-97 (before table item 1)
Insert:
|
1A |
You receive, under a *farm-in farm-out arrangement, an *exploration benefit or an entitlement to an exploration benefit |
First element of cost base and reduced cost base |
Section 40-1120 |