Income Tax Assessment Act 1997
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Hide history noteAn entity is liable to pay *excess exploration credit tax for an income year if the sum of the *exploration credits it issues for the income year exceeds the amount worked out under section 418-151 for the income year (the complying exploration credit amount ).
Note:
The tax is imposed by the Excess Exploration Credit Tax Act 2014 , and the amount of the tax is set out in that Act.
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