Pt 3-1 inserted by No 46 of 1998.
Div 112 inserted by No 46 of 1998.
S 112-38 repealed by No 96 of 2014, s 3 and Sch 5 item 24, effective 30 September 2014 and applicable in relation to authorities, licences, permits and entitlements held during the income year in which this Schedule commences or a later income year. S 112-38 formerly read:
SECTION 112-38 Geothermal extraction rights
112-38 The first element of the *cost base and *reduced cost base of a *geothermal energy extraction right is nil if:
(a) you *acquire the right because you *held a *geothermal exploration right; and
(b) you stopped holding the geothermal exploration right because you acquired the geothermal energy extraction right; and
(c) the area the geothermal energy extraction right relates to is the same as, or not significantly different from, the area the geothermal exploration right related to.
S 112-38 inserted by No 84 of 2013, s 3 and Sch 3 item 25, applicable to geothermal energy extraction rights acquired on or after 1 July 2012.