INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 355 - Research and Development  

Subdivision 355-H - Feedstock adjustments  

SECTION 355-470   355-470   Feedstock revenue  


The feedstock revenue , for the feedstock output, is worked out as follows:


*Market value of the marketable product × Cost of producing the feedstock output
Cost of producing the marketable product

where:

market value of the marketable product
means the marketable product's *market value at the time it is:


(a) *supplied by the *R & D entity to the other entity; or


(b) first applied by the R & D entity to the R & D entity's own use, other than use for the purpose of transforming that product for supply.


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