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34th International Geological Congress Travel Grant Scheme for Early-Career Australian and New Zealand Geoscientists

Applications for 2018 are closing soon – 31st October 2017!

Specific funding is available to provide Australian and New Zealand geoscientists in the early stages of their careers with opportunities to travel internationally to further their careers as geoscientists by, for example, undertaking field work in appropriate areas, visiting and working with appropriate international experts, inspecting appropriate mines or other geoscientific features such as type localities, participating in professionally-organised geoscientific conferences or conventions, etc.

For the 2017 round of applications, additional funds will be made to early-career geoscientists that propose to make a significant contribution to the Australian Geoscience Council Convention to be held in Adelaide in October 2018. Significant contributions that will be considered include, but are not limited to: contributing to the organisation of the convention by joining a Sub-committee, convening a session or workshop, leading a fieldtrip.

To apply for these grants, or just to find out more, go to http://www.agc.org.au/index.php/grants/igcfund

2017 Volcanic Processes, Deposits, Geology and Resources Short Course

A few places are still available on the 2017 Volcanic Processes, Deposits, Geology and Resources Short Course being held in Merimbula, southern NSW during early December.

Check the AIG Events Calendar for details.

Junior Minerals Exploration Incentive

The legislation introducing the new Junior Minerals Exploration Incentive (JMEI) has been introduced into Federal Parliament this week – Treasury Laws Amendment (Junior Minerals Exploration Incentive) Bill 2017

The Bill amends the tax law to replace the former Exploration Development Incentive (EDI) with the JMEI.  Like the EDI, the JMEI provides a tax incentive to invest in small minerals exploration companies undertaking greenfields minerals exploration in Australia. Australian resident investors of these companies receive a tax incentive where the companies choose to give up a portion of their tax losses relating to their exploration expenditure in an income year.

Unlike the EDI, under the JMEI:

  • eligibility for the incentive is limited to investors that purchase newly issued shares; and
  • the incentive is allocated between eligible exploration companies on a first come, first served process (subject to integrity requirements) until the annual cap has been reached

The scheme applies from 1 July 2017 until 30 June 2021, with total credits limited to $100 million. There is a cap on the amount of credits that may be allocated to an entity of five per cent of the total amount available for each year.

For full details on the new JMEI, see the Explanatory Notes on the Bill

It is expected that this will be passed before the end of the year.

Queensland Minerals Council media release, 19 Oct 2017