INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986

PART III - FUNCTIONS RELATING TO THE R&D TAX OFFSET  

Division 2 - Registering for the R&D tax offset  

Subdivision B - Registering R&D entities for R&D activities  

SECTION 27A   REGISTERING R&D ENTITIES FOR R&D ACTIVITIES  

27A(1)  
The Board must, on application by an R&D entity, decide whether to register or refuse to register the entity for either or both of the following for an income year:


(a) one or more specified activities as core R&D activities conducted during the income year;


(b) one or more specified activities as supporting R&D activities conducted during the income year;

27A(2)  
If the Board decides under subsection (1) to register the R&D entity, the Board must do so consistently with:


(a) any findings already in force under subsection 27B(1) in relation to the application; and


(b) any findings already in force under subsection 28A(1) (advance findings about the nature of activities) in relation to the R&D entity.

27A(3)  
For each activity registered under subsection (1) as a supporting R&D activity for an R&D entity for an income year, the registration is to also specify:


(a) one or more activities as the corresponding core R&D activities; and


(b) if any of those activities specified as a core R&D activity is not registered under paragraph (1)(a) for the R&D entity for the income year - each income year for which that core R&D activity:


(i) was registered under paragraph (1)(a) for the R&D entity; or

(ii) is proposed to be registered under paragraph (1)(a) for the R&D entity.



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