The Government on Thur 13.3.2014, released for consultation a Discussion Paper – Exploration Development Incentive: Policy Design. This follows the Government’s election commitment to introduce an Exploration Development Incentive, which will provide incentives for greenfields minerals exploration activity, with a focus on the small exploration sector.
The Paper outlines and seeks feedback on possible implementation arrangements for the Incentive. It canvasses:
- options for targeting junior mineral explorers;
- which investors will be able to receive exploration credits;
- how “eligible expenditure” and “greenfields” could be defined;
- options for capping the cost of the scheme; and
- how the exploration credit system will work.
COMMENTS are due by 4 April 2014.
[LTN 49, 13/3/14]