INCOME TAX ASSESSMENT ACT 1997
You may deduct an amount under this Division on the basis of using capital works for the purpose of conducting *R & D activities only if:
(a) you are registered under section 27A (registering R & D activities) of the Industry Research and Development Act 1986 for the R & D activities for an income year; or
(b) if you are an *R & D partnership - an *R & D entity, who was a partner of the R & D partnership at some time while the R & D activities were conducted, is registered under that section for the R & D activities for an income year.
R & D activities must be conducted in connection with a business carried on for the purpose of producing assessable income, see section 43-195 .
You may still deduct an amount under this Division if you were registered for the R & D activities under former section 39J (Registration of eligible companies) of the Industry Research and Development Act 1986 (see section 355-200 of the Income Tax (Transitional Provisions) Act 1997 ).