Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 (67 of 2024)
Schedule 3 Capital allowances for mining, quarrying or prospecting rights and clarifying the meaning of exploration for petroleum
Part 1 Capital allowances for mining, quarrying or prospecting rights
Income Tax Assessment Act 1997
2 At the end of section 40-30
Add:
(7) For the purposes of subsection (6), it does not matter whether the new right begins immediately after the other right ends or later (including in a later income year).
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