Parameters broadened in fresh appeal

摘要

SEARCHING FOR BROWNFIELD exploration targets will be acceptable under a renewed proposal for a flow-through shares (FTS) tax incentive as proposed to the Commonwealth by a number of industry advocacy groups. In a joint submission to the Federal Resources and Energy Minister Martin Ferguson, it is suggested ASX-listed explorers that are generating no income be eligible for an exploration tax credit (ETS) based on a model which has been adapted from Australia's current franking credit system rather than the discrete capital raisings for exploration expenditure as seen in Canada.