15‑40 Providing mining, quarrying or pro15‑40 Providing mining, quarrying or prospecting information or geothermal exploration information

#### 15‑40 Providing mining, quarrying or prospecting information or geothermal exploration information (1) Your assessable income includes an amount you receive for providing \*mining, quarrying or prospecting information to another entity if: (a) you continue to \*hold the information; and (b) the amount you receive is not assessable as \*ordinary income under section 6‑5. (2) Your assessable income includes an amount you receive for providing \*geothermal exploration information you have to another entity if: (a) you continue to have the information; and (b) the information is, and continues to be, relevant to: (i) \*geothermal energy extraction that you carry on or propose to carry on; or (ii) a \*business that you carry on that includes \*exploration or prospecting for \*geothermal energy resources from which energy can be extracted by geothermal energy extraction; and (c) the amount you receive is not assessable as \*ordinary income under section 6‑5. It does not matter whether the information is generally available or not. (3) Geothermal exploration information is geological, geophysical or technical information that: (a) relates to the presence, absence or extent of \*geothermal energy resources in an area; or (b) is likely to help in determining the presence, absence or extent of such resources in an area. (4) Geothermal energy extraction means operations that are for: (a) the extraction of energy from \*geothermal energy resources; and (b) the \*purpose of producing assessable income.