Income Tax Assessment Act 1997
View history note
Hide history noteYou can deduct, for an income year, 10% of expenditure on *mining site rehabilitation that you incur in that year if the rehabilitation relates to the undertaking (by you or another entity) of *transitioned petroleum activities in relation to the *JPDA.
417-40(2)
However, expenditure on these things is not deductible under this section:
(a) acquiring land or an interest in land or a right, power or privilege to do with land;
(b) a bond or security, however described, for performing *mining site rehabilitation;
(c) *housing and welfare.
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