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;

Note 1:

A decision under this subsection is reviewable (see Division 5 ).

Note 2:

For requirements of applications, see section 27D .


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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