Taxation Ruling IT 363A - Addendum - Mining company: application of Division 10 to principal and sub-contractors engaged in mining operations



Ruling: 1. Title Omit 'Division 10'; substitute 'Division 330'. 2. PREAMBLE Omit 'Division 10'; substitute 'Division 330'. 3. Paragraph 2 4. After paragraph 3 Insert: Commissioner of Taxation 30 July 1997




'In this example the transport company carried out all the operations on the mining property for the recovery of the deposit being sought. If, however, a contractor merely transported, say, coal out of a mine, the activities would not be treated as mining operations and the contractor would not be entitled to Division 330 deductions.'


Related rulings: IT 363 IT 363A2 - Addendum
Legislative references: ITAA97 Division 330