Document ID: chunk:federal_register_of_legislation:C2021C00321:clause:1_67
Version: federal_register_of_legislation:C2021C00321
Segment Type: clause
Provision Reference: sch 1 cl 67
Character Range: 43922–44535

67  Continued application of the old law in relation to entities that were greenfields minerals explorers in the 2016‑17 income year
 To avoid doubt, the taxation law continues to apply in relation to the 2017‑18 income year as if the amendments in Parts 1 and 2 of this Schedule had not been made, to the extent that the law relates to:
 (a) the creation and issuing of exploration credits on the basis that the entity that creates and issues the credits is a greenfields minerals explorer in the 2016‑17 income year; and
 (b) the consequences of creating or issuing exploration credits in those circumstances.