Fiscal Incentives for Mineral Exploration

AMEC believes that appropriate fiscal incentives are essential so that Australia remains an attractive destination for mineral exploration expenditure, and that opportunities are not lost to overseas investment opportunities.

AMEC supports the introduction of a flow through shares scheme and notes the commitment by the Federal Resources Minister that a scheme will be introduced in the term of the current Government.

A flow through shares scheme would be of particular benefit to listed exploration companies who are not able to deduct exploration expenditure because they do not yet have income.