A new Australian mining exploration development incentive has been enacted as part of the Tax and Superannuation Laws Amendment (2014 Measures No. 7) Bill 2014, which received assent on 19 March 2015. The incentive is aimed at fostering the discovery of new resource deposits and encouraging investment in eligible junior exploration companies conducting greenfields mineral exploration.
The incentive allows junior exploration companies to give up part of their losses related to exploration exp…