Income Tax Assessment Amendment (Exploration for Minerals) Regulations 2020 (F2020L00097)
Schedule 1 Amendments
Income Tax Assessment Regulations 1997
1 At the end of Part 3A
Add:
Division 418 - Exploration for minerals
Subdivision 418-DA - Exploration credits allocation
418-103.01 Meaning of annual exploration cap - 2020-21 income year
For the purposes of paragraph 418-103(1)(d) of the Act, the amount of $5 million is prescribed.
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