Industry Research and Development Act 1986

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

Division 2 - Registering for the R & D tax offset  

Subdivision D - Examining registrations  

SECTION 27K   NOTICE OF FINDINGS OR OF DECISIONS REFUSING TO MAKE FINDINGS  

27K(1)  
The Board must notify the R & D entity, and the Commissioner, in writing of any findings under subsection 27J(1) about the entity's registration under section 27A .

27K(2)  
The notice must include a certificate for each finding. The certificate must set out:


(a) a description of the finding; and


(b) the Board's reasons for the finding; and


(c) the registered activity affected by the finding; and


(d) the effect of the finding on the entity's registration; and


(e) the matters (if any) specified in regulations made for the purposes of this paragraph.

The notice and certificate may set out other matters.

Note 1:

For the effect of the finding of the entity's registration, see section 27L (about automatic variations to registrations).

Note 2:

The notice could also mention the applicant's right to have the finding reviewed under Division 5 (see section 30B ).

27K(3)  
The Board must notify the R & D entity in writing of any decision under paragraph 27F(4)(b) refusing to make a finding under subsection 27J(1) in response to an application under section 27G by the R & D entity.

27K(4)  
A failure to comply with this section does not affect the validity of a finding or decision.


 

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