Document ID: chunk:federal_register_of_legislation:C2010C00584:clause:5_14
Version: federal_register_of_legislation:C2010C00584
Segment Type: clause
Provision Reference: sch 5 cl 14
Character Range: 47101–47843

14  Paragraph 15(4)(c) of the Schedule
Repeal the paragraph, substitute:
 (c) add amounts in accordance with the following rules:
 (i) start with the oldest amount of any exploration expenditure (other than designated frontier expenditure) incurred, or any uplifted frontier expenditure taken to be incurred, by the person in the financial year;
 (ii) add to that, in order starting with the next oldest amount, each of the other amounts incurred, or taken to be incurred, by the person in the financial year;
 (iii) if adding an amount of expenditure would make the total exceed the non‑transferable amount, add only so much of the amount as makes the total equal the non‑transferable amount and do not add any later amount of expenditure;