Excess Exploration Credit Tax Act 2015

The amount of an entity’s excess exploration credit tax for an income year is equal to the amount of the excess referred to in section 418‑150 of the Income Tax Assessment Act 1997 in relation to that income year.

Note: Subdivision 418‑F of the Income Tax Assessment Act 1997 deals with liability to pay excess exploration credit tax.

[Minister’s second reading speech made in—

House of Representatives on 4 December 2014

Senate on 2 March 2015] (264/14)