Document ID: chunk:federal_register_of_legislation:C2010C00673:body:0:p6
Version: federal_register_of_legislation:C2010C00673
Segment Type: other
Provision Reference: 
Character Range: 13100–15824

or other authority (other than a mining
authority) that:
  (a) is granted under a law of the Commonwealth, a State, a
Territory or a foreign country; and
  (b) authorises exploration or prospecting for minerals other
than petroleum, whether or not it also authorises other things;
  'exploration or prospecting cash bidding payment' means an
amount paid for the grant of an exploration or prospecting
authority, if:
  (a) the authority was auctioned or tendered for, or was
granted to a person who responded to a public invitation to
apply for it within a specified period or by a specified day;
and
  (b) the amount is not an application fee or a deposit, except
to the extent that the amount is applied in payment for the
grant of the exploration or prospecting authority; and
  (c) the amount is incurred in carrying on prescribed mining
operations or for the purpose of exploring or prospecting for
minerals obtainable by prescribed mining operations;
  'mining authority' means any permit, licence, lease or other
authority that:
  (a) is granted under a law of the Commonwealth, a State, a
Territory or a foreign country; and
  (b) authorises the carrying on of mining operations for the
extraction (other than merely by taking samples) of minerals
other than petroleum from their natural site, whether or not it
also authorises other things;
  'mining cash bidding payment' means an amount paid for the
grant of a mining authority, where:
  (a) the mining authority was auctioned or tendered for, or
was granted to a person who responded to a public invitation to
apply for it within a specified period or by a specified day;
and
  (b) the amount is not an application fee or a deposit, except
to the extent that the amount is applied in payment for the
grant of the mining authority; and
  (c) the amount is incurred in carrying on prescribed mining
operations or for the purpose of exploring or prospecting for
minerals obtainable by prescribed mining operations;
  'retention authority' means any permit, licence, lease or
other authority in relation to an area (other than a mining
authority) that:
  (a) is granted under a law of the Commonwealth, a State, a
Territory or a foreign country; and
  (b) is only permitted to be granted to a person who is the
holder of, or of an interest in, an exploration or prospecting
authority, or a retention authority, in relation to the area.".
6. After paragraph 122JAA(4)(d):
Insert:
  "(da) if:
    (i) the property is a qualifying interest in relation to a
cash bidding exploration permit (within the meaning of section
122BA); and
    (ii) immediately before the disposal, the transferor had an
entitlement to an eligible cash bidding amount (within the
meaning of that