Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 4   AMENDMENTS RELATING TO RESEARCH AND DEVELOPMENT ACTIVITIES

Part 2   INCOME TAX ASSESSMENT ACT 1936

16   After subsection 73B(17)

Insert:

"(17A) An amount is not allowable as a deduction under subsection (12), (13), (14), (15) or (17) from a company's assessable income of a year of income in respect of expenditure on overseas research and development activities unless the expenditure is certified expenditure.".