Document ID: chunk:federal_register_of_legislation:C2010C00584:clause:5_11
Version: federal_register_of_legislation:C2010C00584
Segment Type: clause
Provision Reference: sch 5 cl 11
Character Range: 46047–46583

11  Paragraph 15(2)(b) of the Schedule
Repeal the paragraph, substitute:
 (b) the total of:
 (i) any amounts of exploration expenditure (other than designated frontier expenditure) actually incurred by the person; and
 (ii) any amounts of uplifted frontier expenditure taken to be incurred by the person in respect of designated frontier expenditure actually incurred by the person;
  in relation to the notional project in the financial year exceeds the excess referred to in paragraph (a) by an amount (the non‑transferable amount);