The operator of the Australian securities Exchange, ASX Limited
(ASX:ASX) is reportedly pushing for an exploration tax credit scheme in order to boost long-term investment in mining for Australia.
According to News Corporation, ASX’s chief says the tax incentive is working well in Canada.
Recent ASX reforms to capital raising were actioned this year that extended the amount small to medium sized companies could raise in a year without shareholder approval.
The ASX generated a net profit of $339.2 million in the 2012 financial year.
