Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 330.325

If:

   (a)  an amount is specified in an agreement under section 330- 235 in
        relation to acquiring from you, during an income year, a *mining,
        quarrying, or prospecting right or *mining, quarrying, or prospecting
        information; and

   (b)  the whole or a part (the relevant amount) of an amount would, but for
        this section, be deductible for that or a later income year because of
        section 330- 310 (which is about excess amounts being deductible for
        the next income year); and

   (c)  the relevant amount is attributable to the amount specified in the
        agreement; you cannot deduct the relevant amount for that income year
        or for a later income year.