s 84F
In forceWhat is relevant exploration or development
Chapter 2Transfer duty
Part 8AConcessions for farm-in agreements
Division 1Some basic concepts about farm-in agreements
84F What is relevant exploration or development
Exploration or development is relevant exploration or development for an exploration amount relating to an interest in an exploration authority the subject of a farm-in agreement if—
(a)
the exploration or development is comprised of, or associated with, the carrying out of an activity under the exploration authority; and
(b)
all of the exploration or development is carried out after the farm-in agreement is entered into.
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