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19 Jun 14 Mining rights and information - amending Bill passes Senate

On 19 June 2014 the Tax and Superannuation Laws Amendment (2014 Measures No 3) Bill 2014 passed the Senate, without amendment, and will await the Royal Assent.

The Bill amends the Income Tax Assessment Act 1997 to limit immediate deductibility of expenditure on mining rights and mining information first used for exploration.


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