Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An entity that has created * exploration credits for an income year (the minerals explorer ) may issue an exploration credit for that income year to another entity (the investor ).
(2) The * exploration credit issued to the investor for the income year may relate to:
(a) * exploration investment made by the investor in the minerals explorer in the income year; or
(b) exploration investment made by the investor in the minerals explorer in the immediately preceding income year.
However, this rule is subject to the limitations imposed under sections 418 - 115, 418 - 116 and 418 - 120.
(3) An * exploration credit is issued to an entity by giving the entity a statement in the * approved form.