New Business Tax System (Capital Allowances - Transitional and Consequential) Act 2001 (77 of 2001)
Schedule 2 General consequential amendments
Income Tax Assessment Act 1997
194 At the end of Division 15
Add:
15-40 Providing mining, quarrying or prospecting information
Your assessable income includes an amount you receive for providing *mining, quarrying or prospecting information to another entity if:
(a) you continue to *hold the information; and
(b) the amount you receive is not assessable as *ordinary income under section 6-5.
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