INCOME TAX ASSESSMENT ACT 1997 - SECT 197.42 Exclusion for exploration credits
INCOME TAX ASSESSMENT ACT 1997 - SECT 197.42
Exclusion for exploration creditsThis Division does not apply to the transferred amount if:
(a) the company transferring the amount is a * greenfields minerals explorer; and
(b) the amount is transferred in connection with the creation of * exploration credits.
197 - 45 A franking debit arises in relation to the transfer