Div 11Provisions for *Duties Amendment (Farm in Agreements) Act 2022*

Division 11 — Provisions for Duties Amendment (Farm in Agreements) Act 2022

60. Terms used 432

61. Assessments 434

Subdivision 2 — Provisions relating to Chapter 2 Part 5 Division 9

62. Application of section 91K(2) 436

63. Application of Chapter 2 Part 5 Division 9 436

Subdivision 3 — Deemed section 13 farm‑in agreements

64. Certain agreements taken to be farm‑in agreements under section 13 436

65. Variations and other events affecting section 13 farm‑in agreements 437

Subdivision 4 — Ongoing application of Act in relation to section 13 farm‑in agreements

66. Act to apply in relation to section 13 farm‑in agreements as if sections 4 to 13 of amending Act not enacted 440

Subdivision 5 — Modifications of section 13

67. Restriction on activities regarded as exploration or development for purposes of section 13(2) 440

68. Commissioner may allow expenditure on administrative costs to be regarded as expenditure on exploration or development for purposes of section 13(2) 440

Subdivision 6 — Duty chargeable in relation to section 13 farm‑in agreements

69. Application of Schedule 1 to deemed section 13 farm‑in agreements 441

70. Section 13 farm‑in agreements: modified rules relating to charging of duty 441

71. Changes to consideration 443

72. No double duty: exploration amount 445

73. No double duty: mining tenements 445

74. No double duty: derivative mining rights 447