Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.5

(1) This Division has rules that are specific to mining and quarrying.

(2) It includes mining for *petroleum (petroleum mining) within the general
scope of the term mining. Minerals is defined in subsection 330- 25(1) to
include *petroleum.

(3) Mining in general, quarrying and *petroleum mining are treated as the same
in most ways by this Division. Where there are differences, this Division
explicitly tells you.