Income Tax Assessment Act 1936

Div 3 heading inserted by No 172 of 1978.

S 73U repealed by No 164 of 2007 , s 3 and Sch 11 item 40, effective 25 September 2007. For application provision, see note under s 73B(1AAA) . For transitional provisions regarding reduced notional expenditure on foreign owned R & D, see note under s 73P(1) . S 73U formerly read:

SECTION 73U RUNNING AVERAGES  
73U(1)
The running average for the Y ₀ year of income is one-third of the sum of the R & D spend of the eligible company for each of the Y _{− 1} , Y _{− 2} , and Y _{− 3} years of income.

73U(2)
The running average for the Y _{− 1} year of income is one-half of the sum of the R & D spend of the eligible company for each of the 2 years of income before the year for which RA _{− 1} is worked out.

S 73U inserted by No 170 of 2001.