New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 23   Consolidation: research and development

Income Tax Assessment Act 1936

1   At the end of subsection 73B(23)

Add:

Note: This subsection does not apply to an asset whose tax cost is set under Division 701 of the Income Tax Assessment Act 1997: see section 73BAG of this Act.