Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 40.725

What this Subdivision is about

You get an immediate deduction for certain capital expenditure on:

•   exploration or prospecting; and

•   rehabilitation of mining or quarrying sites; and

•   paying petroleum resource rent tax; and

•   environmental protection activities.

Table of sections

Operative provisions

40 - 730   Deduction for expenditure on exploration or prospecting

40 - 735   Deduction for expenditure on mining site rehabilitation

40 - 740   Meaning of ancillary activities and mining building site

40 - 745   No deduction for certain expenditure

40 - 750   Deduction for payments of petroleum resource rent tax

40 - 755   Environmental protection activities

40 - 760   Limits on deductions from environmental protection activities

40 - 765   Non - arm's length transactions

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