Published on 25 Oct 10
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
tension points in relation to exploration
a commercial discovery, or a commercially viable project?
exploration or prospecting as defined in Division 40 of the Tax Act 1997
meaning of 'feasibility studies to evaluate economic feasibility' of mining
the relevance of the final investment decision
is it correct to distinguish between a commercial discovery and a commercially viable project?
Martin Fry FTI
Martin has been a Partner in the Allens Tax Group for over fifteen years, and has focused on resource companies, banks and infrastructure projects. He has extensive experience advising on the tax aspects of capital management transactions for ASX-listed companies, most recently in relation to Rio Tinto's 2015 off-market tender share buyback and on-market share buyback. He has also advised APRA-regulated banks on the tax aspects of hybrid equity and subordinated debt instruments. He advises consortia and financiers on the tax aspects of project finance for major infrastructure projects including M2, M5 and M7 motorways, among others. He is a Senior Fellow of the Law Faculty of the University of Melbourne. Current at 12 February 2016
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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