Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 6   Other amendments

Income Tax Assessment Act 1997

91   Subsection 205-15(1) (table items 1 and 2)

After “that part of the payment that is attributable to the period during which the entity was a franking entity”, insert “, less any reduction under subsection (4)”.