Income Tax Assessment Act 1997 - Exploration Development Incentive Modulation Factor - Declaration Instrument (No. 2) 2016
Reference: EC 2016/2
Document type: Determination
Enabling act: Income Tax Assessment Act 1997
Date of issue: 29 November 2016
Signatory: Signed by Bruce Collins Acting Deputy Commissioner of Taxation
Registration number: F2016L01854
Registration date: 2 December 2016


1. Name of Determination: This instrument is the Income Tax Assessment Act 1997 - Exploration Development Incentive Modulation Factor - Declaration Instrument (No. 2) 2016. | 2. Commencement: This instrument commences on the day after its registration. | 3. Repealing of existing instrument: This replacement instrument rectifies an incorrect date reference in the previous Legislative Instrument Income Tax Assessment Act 1997 - Exploration Development Incentive Modulation Factor - Declaration Instrument (No. 1) 2016 , R20161124L007 registered on 25 November 2016. | 4. Application: The modulation factor for the purposes of working out an entity's maximum exploration credit amount for the 2016-17 income year is 1.00. | 5. Determination (Who is covered by this Determination): This instrument applies to an entity that may create exploration credits under Subdivision 418-D of the Income Tax Assessment Act 1997 for the 2015-16 income year and calculates its maximum exploration credit amount for that income year in accordance with the method statement in subsection 418-85(2) to subsection 418-85(5) of the Income Tax Assessment Act 1997. | 6. Definitions: Terms used in this instrument have the same meaning as defined in the Income Tax Assessment Act 1997.