Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.20

(1) Exploration or prospecting includes:

   (a)  in the case of mining in general and quarrying:

        (i)    geological mapping, geophysical surveys, systematic search for
               areas containing *minerals (other than *petroleum) or *quarry
               materials, and search by drilling or other means for such
               minerals or materials within those areas; and

        (ii)   search for ore within, or in the vicinity of, an ore-body or
               search for *quarry materials by drives, shafts, cross-cuts,
               winzes, rises and drilling; and

   (b)  in the case of *petroleum mining:

        (i)    geological, geophysical and geochemical surveys; and

        (ii)   exploration drilling and appraisal drilling; and

   (c)  feasibility studies to evaluate the economic feasibility of mining
        *minerals or *quarry materials once they have been discovered.

(2) The following are not exploration or prospecting:

   (a)  development drilling for *petroleum;

   (b)  operations in the course of working a mining property, quarrying
        property or *petroleum field.