Coal of Queensland Pty Ltd v Innovation and Science Australia – R&D – surveys and drilling activities by coal miner were ‘ prospecting, exploring or drilling for minerals’ and not ‘core R&D activities’ under s355-25(2)(b)

On 6 February 2020, the AAT affirmed the Innovation and Science Australia decision that a coal mining drilling and survey activities were ‘prospecting, exploring or drilling for minerals’ and therefore carved out of definition of ‘core R&D activities, under s355-25(2)(b) of the ITAA97.

See below for a summary of the case.

[Tax Month – February 2020]