INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 355 - Research and Development  

Subdivision 355-M - Undeducted core technology expenditure  

SECTION 355-600   355-600   Scope  


This Subdivision applies to core technology (within the meaning of former section 73B of the Income Tax Assessment Act 1936 ) if:


(a) you incurred core technology expenditure (within the meaning of that former section) in an income year commencing before 1 July 2011 in relation to the core technology under one or more contracts entered into at or after the time referred to in former subsection 73B(12) of that Act; and


(b) that expenditure (the undeducted expenditure ) cannot be deducted for the last income year commencing before 1 July 2011.




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