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
9 Subsection 40-300(3) (note)
Repeal the note, substitute:
Note 1: Termination value may be adjusted under Subdivision 27-B so that any GST consequences are accounted for.
Note 2: Termination value may be reduced under section 40-1105 to account for exploration benefits received under farm-in farm-out arrangements.
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