Document ID: chunk:federal_register_of_legislation:C2025C00029:section:6:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 6 (pt 10/24)
Character Range: 1051014–1054068

be approved in writing as a farm consultant by:
 (a) the *Agriculture Secretary; or
 (b) an officer of the *Agriculture Department who has been authorised in writing by the Agriculture Secretary to approve persons as farm consultants.
Note: This subsection also allows the approval of an individual as a farm consultant to be revoked. See subsection 33(3) of the Acts Interpretation Act 1901.
 (2) The following matters must be taken into account when deciding whether to approve a person as a farm consultant:
 (a) the person's qualifications, experience and knowledge relating to *land conservation and farm management;
 (b) the person's standing in the professional community;
 (c) any other relevant matters.

40‑675  Review of decisions relating to approvals
  A person may apply to the *ART for review of a decision (as defined in the Administrative Review Tribunal Act 2024):
 (a) to refuse to approve the person as a farm consultant; or
 (b) to revoke the approval of the person as a farm consultant.

Subdivision 40‑H—Capital expenditure that is immediately deductible

Guide to Subdivision 40‑H

40‑725  What this Subdivision is about

      You get an immediate deduction for certain capital expenditure on:
         • exploration or prospecting; and
         • rehabilitation of mining or quarrying sites; and
         • paying petroleum resource rent tax; and
         • environmental protection activities.

Table of sections

Operative provisions
40‑730 Deduction for expenditure on exploration or prospecting
40‑735 Deduction for expenditure on mining site rehabilitation
40‑740 Meaning of ancillary activities and mining building site
40‑745 No deduction for certain expenditure
40‑750 Deduction for payments of petroleum resource rent tax
40‑755 Environmental protection activities
40‑760 Limits on deductions from environmental protection activities
40‑765 Non‑arm's length transactions

Operative provisions

40‑730  Deduction for expenditure on exploration or prospecting
 (1) You can deduct expenditure you incur in an income year on *exploration or prospecting for *minerals, or quarry materials, obtainable by *mining and quarrying operations if, for that expenditure, you satisfy one or more of these paragraphs:
 (a) you carried on mining and quarrying operations;
 (b) it would be reasonable to conclude you proposed to carry on such operations;
 (c) you carried on a *business of, or a business that included, exploration or prospecting for minerals or quarry materials obtainable by such operations, and the expenditure was necessarily incurred in carrying on that business.
Note: If Division 250 applies to you and an asset that is land:
(a) if section 250‑150 applies—you cannot deduct expenditure you incur in relation to the land to the extent specified under subsection 250‑150(3); or
(b) otherwise—you cannot deduct such expenditure.
 (2) However, you cannot deduct expenditure under subsection (1) if it is expenditure on:
 (a) development drilling for *petroleum; or
 (b) operations in the course of working a mining