INCOME TAX ASSESSMENT ACT 1997 - SECT 418.10 Who is entitled to the tax offset--ordinary case

INCOME TAX ASSESSMENT ACT 1997 - SECT 418.10

    You are entitled to a * tax offset for an income year if:

  (a)   an * exploration credit is issued to you under Subdivision   418 - E for the income year; and

  (b)   you are not:

  (i)   a * corporate tax entity; or

  (ii)   a trust (other than a trust in relation to which some or all of the liability of the trustee to tax is provided under subsection   98(1) or (2) or 99(2) or (3) of the Income Tax Assessment Act 1936 ); or

  (iii)   a partnership; or

  (iv)   an * exempt entity (other than an * exempt institution that is eligible for a refund); and

  (c)   you are an Australian resident during the whole of that income year.