INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Subject to this Subdivision, where a taxpayer incurs or incurred eligible gold exploration or prospecting expenditure, Division 10 applies to the expenditure for the changeover year and all subsequent years of income as if:
(a) the expenditure had been incurred on 1 January 1991 instead of when it was actually incurred;
(b) the mining operations referred to in applying subsection 122J(1) to the expenditure were prescribed mining operations; and
(c) section 122H did not apply to deemed gold exploration or prospecting expenditure.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.