Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)
Schedule 1 Tax relief for certain mining arrangements
Part 2 Farm-in farm-out arrangements
Income Tax Assessment Act 1997
17 After subsection 230-460(17)
Insert:
Exploration benefits
(17A) A right or obligation that arises because of the provision of an *exploration benefit under a *farm-in farm-out arrangement is the subject of an exception.
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