Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)
Schedule 2 Mining
Income Tax Assessment Act 1997
1 At the end of section 40-30
Add:
(6) This Division applies to a *mining, quarrying or prospecting right (the new right ) as if it were a continuation of another mining, quarrying or prospecting right you *held if:
(a) the other right ends; and
(b) the new right and the other right relate to the same area, or any difference in area is not significant.
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