Great Southern Mining Limited (ASX:GSN) has been successful in its application for participation in the Junior Minerals Exploration Incentive Scheme (JMEI) of the Federal Government for the year ended 30 June 2021, under which:
- Allocation for up to $525,000 in JMEI tax credits for the year ending 30 June 2021.
- JMEI credits can be allocated to qualified investors as a tax offset and shall help to lower tax liability of qualified investor for 30 June 2021 and/or 30 June 2022.
- The JMEI tax credits can be attached to any eligible shares issued by GSN between 8 July 2020 and 30 June 2021
GSN looks forward to issuing JMEI tax credits after the lodgement of its 30 June 2021 tax return, anticipated in the quarter ended 30 September 2021.
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