30‑20 Meaning of initial supply30‑20 Meaning of initial supply

#### 30‑20 Meaning of initial supply (1) An initial supply of a \*taxable resource, or something produced using a taxable resource, is the first \*supply of the taxable resource or thing a miner makes, disregarding a supply covered by subsection (2). (2) However, a \*supply of a \*taxable resource, or something produced using such a taxable resource, is not an initial supply if: (a) the supply is made between \*entities in the course of a \*mining venture in relation to which each of the entities has a mining project interest; or (b) the supply does not result in a change in the ownership of the taxable resource or the thing produced using such a taxable resource.