Industry Research and Development Act 1986

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

Division 1 - Introduction  

SECTION 26   26   OBJECTS  


The objects of this Part are:


(a) to provide integrity for the working out of tax offsets under Division 355 (about R & D) of the Income Tax Assessment Act 1997 ; and


(b) to increase certainty through findings about matters relevant to the working out of those tax offsets; and


(c) to improve access for small and medium R & D entities to quality research services by maintaining a register of research service providers.

Note:

The integrity mentioned in paragraph (a) is provided, for example, by:

  • (a) the Board registering entities seeking these tax offsets; and
  • (b) the Board conducting compliance checks on those entities.



  • This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.