The Australian Mining Review - - NEWS: EXPLORERS ON THE MOVE -

Like the EDI, the JMEI pro­vides a tax in­cen­tive to in­vest in small ex­plo­ration com­pa­nies un­der­tak­ing green­fields min­er­als ex­plo­ration in Aus­tralia.

Aus­tralian res­i­dent in­vestors of these com­pa­nies re­ceive a tax in­cen­tive where the com­pa­nies choose to give up a por­tion of their tax losses re­lat­ing to their ex­plo­ration ex­pen­di­ture in an in­come year. Un­like the EDI, un­der the JMEI: • El­i­gi­bil­ity is lim­ited to in­vestors that pur­chase newly is­sued shares

• The in­cen­tive is al­lo­cated be­tween el­i­gi­ble ex­plo­ration com­pa­nies on a first come, first served ba­sis un­til the an­nual cap is reached

• A cap on the amount of cred­its al­lo­cated to an en­tity of 5 per cent of the to­tal amount avail­able for each year.

• The scheme ap­plies from 1 July 2017 to 30 June 2021, with to­tal cred­its lim­ited to $100m

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