Income Tax Assessment Act 1997
For the purposes of this Division, if:
(a) apart from Subdivision H (prepaid expenditure) of Division 3 of Part III of the Income Tax Assessment Act 1936 , an *R & D entity can deduct an amount under section 355-205 or 355-480 for an income year (the present year ) or an earlier income year; and
(b) that Subdivision applies to the calculation of that amount; and
(c) the entity can deduct an amount, as a result of that application of that Subdivision, for the present year;
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