Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 197 - Tainted share capital accounts  

Subdivision 197-A - What transfers into a company ' s share capital account does this Division apply to?  

SECTION 197-42  

197-42   Exclusion for exploration credits  

This Division does not apply to the transferred amount if:

(a)    the company transferring the amount is a *greenfields minerals explorer; and

(b)    the amount is transferred in connection with the creation of *exploration credits.