Treasury Laws Amendment (2021 Measures No. 4) Act 2021 (72 of 2021)
Schedule 2 Junior minerals exploration incentive extension
Income Tax Assessment Act 1997
8 After subsection 418-81(2)
Insert:
(2A) However, if no *exploration investment is made in the entity in the income year, the amount of the entity's exploration credits allocation for the income year is nil.
Note: The entity must notify the Commissioner if no exploration investment is made in the entity in the income year: see section 418-135.
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