Commentary on Sections Glossary Structure of Part 2 Section 160: Expenditure treated as incurred for purposes of mineral extraction trade
600.This section is based on section 83(6) of CAA 1990. It provides for expenditure on the provision of plant or machinery for mineral exploration and access which is connected with a mineral extraction trade to be treated as for the purposes of the trade.
601.This relaxes the ordinary rule in section 11 that expenditure has to be for the purposes of the qualifying activity.