Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)

Schedule 1   Tax relief for certain mining arrangements

Part 3   Mining, quarrying or prospecting information

Income Tax Assessment Act 1997

20   Paragraph 40-80(1AB)(d)

Repeal the paragraph, substitute:

(d) if the amount relates to *mining, quarrying or prospecting information - after the inclusion of the amount in the second element:

(i) you satisfy paragraph (1)(e) in relation to the information; or

(ii) you would satisfy that paragraph, in relation to the economic benefit that resulted in the inclusion of the amount in the second element, if that economic benefit were the asset referred to in that paragraph.