The JMEI scheme enables eligible exploration companies to create refundable tax credits to distribute to eligible shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on 'greenfield' exploration. Further information about the JMEI credit scheme can be found at the ATO website: https://www.ato.gov.au/business/junior-minerals-exploration-incentive/what-to-do-ifyou-receive-exploration-credits/.
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