Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.235

If a person (the buyer) has incurred expenditure in acquiring from another
person (the seller) for the purpose of carrying on *eligible mining or
quarrying operations, or *exploration or prospecting for

*minerals or *quarry materials obtainable by such operations:

   (a)  a *mining, quarrying or prospecting right; or

   (b)  *mining, quarrying or prospecting information; the buyer and the
        seller may agree to include in the *allowable capital expenditure of
        the buyer an amount specified in the agreement.