Income Tax Assessment Amendment (Exploration for Minerals) Regulations 2020 (F2020L00097)

Schedule 1   Amendments

Income Tax Assessment Regulations 1997

1   At the end of Part 3A

Add:

Division 418 - Exploration for minerals

Subdivision 418-DA - Exploration credits allocation

418-103.01 Meaning of annual exploration cap - 2020-21 income year

For the purposes of paragraph 418-103(1)(d) of the Act, the amount of $5 million is prescribed.