“Definition of 'specified mineral' removed from tax law in 2014”
This part of the law used to explain what a ‘specified mineral’ meant. However, it was removed from the Income Tax Act 2007 on 1 April 2014. This means that the definition no longer applies to income tax rules from the 2014-15 tax year onwards. If you need to know what a specified mineral is for tax purposes after this date, you’ll need to look elsewhere in the current tax laws.
“Explains that some definitions were removed from the Income Tax Act in 2014”
Part C
Income
Income from mineral mining:
Definitions
CU 28Meaning of specified mineral (Repealed)
Notes
Section CU 28: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
