{"id":"F2016L01804","name":"Income Tax Assessment Act 1997 – Exploration Development Incentive Modulation Factor – Declaration Instrument (No. 1) 2016","slug":"f2016l01804","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":328813,"registerId":"commonwealth-F2016L01804-current","compilationNumber":null,"startDate":"2026-04-08","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Income Tax Assessment Act 1997 – Exploration Development Incentive Modulation Factor – Declaration Instrument (No. 1) 2016","content":"Legislative Instrument\n\nIncome Tax Assessment Act 1997 – Exploration Development Incentive Modulation Factor – Declaration Instrument (No. 1) 2016\n\nI, Jeremy Hirschhorn, Deputy Commissioner of Taxation, make this instrument as a delegate of the Commissioner of Taxation under subsection 418‑90(1) of the Income Tax Assessment Act 1997.\n\nSigned by Jeremy Hirschhorn\n\nDeputy Commissioner of Taxation\n\nDated: 4 November 2016\n\n1.  Name of Determination\n\nThis instrument is the Income Tax Assessment Act 1997 – Exploration Development Incentive Modulation Factor – Declaration Instrument (No. 1) 2016.\n\n2. Commencement\n\nThis instrument commences on the day after its registration.\n\n3. Application\n\nThe modulation factor for the purposes of working out an entity’s maximum exploration credit amount for the 2016\\-17 income year is 1.00.\n\n4. Determination (Who is covered by this Determination)\n\nThis instrument applies to an entity that may create exploration credits under Subdivision 418-D of the Income Tax Assessment Act 1997 for the 2015-16 income year and calculates its maximum exploration credit amount for that income year in accordance with the method statement in subsection 418-85(2) to subsection 418-85(5) of the Income Tax Assessment Act 1997.\n\n5. Definitions\n\nTerms used in this instrument have the same meaning as defined in the Income Tax Assessment Act 1997.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2552},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs the precise, narrow function authorised by section 418-90(1) of the Income Tax Assessment Act 1997: declaring the annual modulation factor for the Exploration Development Incentive. It has not expanded beyond its original technical purpose."},"complexity_factors":["Only 5 brief sections","Single operative provision declaring a numerical value (1.00)","No conditional logic, exceptions, or cross-references beyond the parent Act","Relies entirely on definitions in the Income Tax Assessment Act 1997"],"plain_english_summary":"This instrument sets the Exploration Development Incentive (EDI) modulation factor at 1.00 for the 2016–17 income year. \n\nThat means eligible junior mineral exploration companies calculating EDI credits under Subdivision 418‑D can access 100% of their allowable exploration credit entitlement (no pro‑rata scaling back), affecting shareholders who receive those franking credits or refunds."}},"importantCases":[],"_links":{"self":"/api/acts/f2016l01804","history":"/api/acts/f2016l01804/history","analysis":"/api/acts/f2016l01804/analysis","conflicts":"/api/acts/f2016l01804/conflicts","importantCases":"/api/acts/f2016l01804/important-cases","documents":"/api/acts/f2016l01804/documents"}}