Treasury Laws Amendment (Junior Minerals Exploration Incentive) Act 2018 (15 of 2018)

Schedule 1   Junior minerals exploration incentive

Part 4   Application, transitional and saving provisions

Division 1   Application and transitional provisions

67   Continued application of the old law in relation to entities that were greenfields minerals explorers in the 2016-17 income year

To avoid doubt, the taxation law continues to apply in relation to the 2017-18 income year as if the amendments in Parts 1 and 2 of this Schedule had not been made, to the extent that the law relates to:

(a) the creation and issuing of exploration credits on the basis that the entity that creates and issues the credits is a greenfields minerals explorer in the 2016-17 income year; and

(b) the consequences of creating or issuing exploration credits in those circumstances.