Mining update: exploration development incentive — discussion paper released
On 3 September 2013, the then shadow minister for energy and resources announced the coalition’s intention to introduce an exploration development incentive (EDI) that would allow investors in small to mid-tier exploration businesses to offset a proportion of the business’s expenditure on certain green fields exploration against the investors’ taxable income (‘exploration credits’).
The announcement was outlined in the coalition’s Policy for Resources and Energy 2013. This document stated that final implementation details would be determined in consultation with peak industry representative bodies.
On 13 March 2014, the Treasury and the Department of Industry released a discussion paper setting out options for implementing the proposed EDI scheme…
Click on the link below to read the rest of the DLA Piper briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The Australian Taxation Office released a draft ruling on the Goods and Services Tax treatment of bitcoin transactions on 20 August 2014.
DLA Piper’s ‘Life sciences: patent extension strategies and antitrust global update’ video covers global antitrust and competition issues including product hopping and reverse payment patents.
Analysis from The Lawyer
Cross-border work and political tensions are dominating this year’s entries for Finance Team of the Year at The Lawyer Awards.
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work