ITAA 1997 s 330

Compendium

Income tax: capital gains: if a genuine prospector sells shares received as proceeds from the sale of rights to mine:[bull ] is any ordinary income derived from the sale of the shares exempt under section 330-60 of the Income Tax Assessment Act 1997 ; or [bull ] is any capital gain (or capital loss) made on the sale of the shares disregarded under section 118-45?

Income tax: ascertaining the effective life of a mining, quarrying or prospecting right mentioned in item 11 of the table in subsection 40-95(7) of the Income Tax Assessment Act 1997

Income tax: exemption of income derived by bona fide prospectors

Capital Allowances: change in ownership of mining property - roll-over relief