More explorers should take a closer look at the incentive being introduced to parliament today to unlock the potential for more investment in greenfield explorations – the trouble is, many don’t know enough about the incentive and how to maximise its benefits.
“We believe junior exploration companies are unclear of the benefits of the Government’s Exploration Development Incentive. This is partly due to not having final legislation and not fully understanding the mechanics of the incentive.
“The significance of Senator Cormann announcing its introduction to parliament today assists in raising awareness of the exploration development incentive. We believe the incentive is highly beneficial and companies should take the opportunity to use the incentive to attract much needed investment in Greenfields exploration and the continual support of government in future years,” said Peter Hills, Energy & Resources Tax Partner, Grant Thornton Australia.
For more information, please contact:
National Public Relations Manager
T +61 2 8297 2421
M 0437 725 520
About Grant Thornton
Grant Thornton Australia has more than 1,300 people working in offices in Adelaide, Brisbane, Cairns, Melbourne, Perth and Sydney. We are focussed on meeting the needs of dynamic, middle market clients and combine service breadth, depth of expertise and industry insight with an approachable “client first” mindset and a broad commercial perspective.
Grant Thornton is one of the world's leading organisations of independent assurance, tax and advisory firms. More than 35,000 Grant Thornton people, across over 100 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work.
A firm recognised locally and globally:
- 2014 Best managed international firm: MPF Awards For Management Excellence (Grant Thornton International)
- 2013 Advisory Team of the Year: Thomson Reuters (Grant Thornton Australia)
- 2013 Global Firm of the Year: British Accountancy Awards (Grant Thornton UK)
- 2013 Network of the Year: International Accounting Bulletin (Grant Thornton International)