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Resources 101

Published on 18 Oct 2013 | Took place at City West Receptions, Perth , WA

    There is not much that happens in Perth that doesn’t have some link to the Resources sector. This event was designed as an introduction to the tax issues facing companies in the Resources sector and covered the following topics:
  • mining and exploration terminology
  • income tax – core principles
  • income tax – dealings in mining and exploration titles
  • research and development
  • stamp duty and resources transactions
  • employee issues.

Get a 20% discount when you buy all the items from this event.

Individual sessions

R&D tax incentive and compliance for the resource sector

Author(s):  Steve ELIAS,  Aaron NG

On the surface, the transition from the R&D Tax Concession to the R&D Tax Incentive appears to be superficial, but changes to the definition of eligible R&D activities have caused headaches for companies in the resources sector. This paper provides a resources focused overview of the R&D Tax Incentive, as well as tips and traps for companies lodging R&D Tax Incentive applications.

Topics covered include:

  • the changed definition of eligible R&D activities
  • issues relating to the eligibility of mining and minerals processing trials
  • the treatment of foreign-owned R&D
  • the requirements for advance and overseas findings
  • the impact of the wider feedstock expenditure provisions
  • the challenges associated with the new compliance regime.
Materials from this session:

Stamp duty and resources transactions

Author(s):  Len HERTZMAN,  Michael DEMIRIS

This paper presents an overview of stamp duty in relation to resource transactions including:

  • general overview of application to resources transactions
  • acquisition of mining assets, including farm-ins
  • acquisition of companies, in particular, landholder duty.
Materials from this session:

Employee issues

Author(s):  Dan HODGSON,  Caroline HICKSON

This paper presents an overview of hot topics in employment tax with particular relevance to those in the mining and resources industry. It focuses on Fringe Benefits Tax issues, with a particular focus on LAFHAs and other issues pertinent to FIFO and DIDO workforces, employee share schemes and strategies used in the sector, and Employment Termination Payments.

Materials from this session: