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DT 3: Acquisition of privileges and permits
or “Tax rules for buying oil exploration permits or privileges”
You could also call this:

“Buying exploration materials from petroleum miners counts as your own exploration costs”

If you buy exploratory material from someone who mines for petroleum, the money you pay for it is treated as if you spent it on exploring for petroleum yourself. This happens in the same tax year that the petroleum miner sells the material to you. Exploratory material is stuff that helps in looking for oil or gas.

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Next up: DT 5: Petroleum development expenditure

or “Tax deductions for petroleum miners' development costs”
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Part D Deductions
Petroleum mining expenditure

DT 4Acquisition of exploratory material

  1. The consideration that a person pays to acquire exploratory material from a petroleum miner is treated as petroleum exploration expenditure incurred in the income year in which the petroleum miner disposes of the material to the person.

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