AMEC proposes METC

AS previously flagged, the Association of Mining and Exploration Companies has proposed its own flow-through shares scheme, called the Mineral Exploration Tax Credit, which it said would be essential for a sustainable Australian mining industry.

AMEC proposes METC AMEC proposes METC AMEC proposes METC AMEC proposes METC AMEC proposes METC

AMEC chief executive Simon Bennison said the METC would allow current eligible losses to be passed back to shareholders in the form of a tax credit through the franking system.

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