Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 197.42

    This 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.

Table of sections

197 - 45   A franking debit arises in relation to the transfer