Income Tax Assessment Act 1997



Division 355 - Research and Development  

Subdivision 355-J - Application to R & D partnerships  

SECTION 355-510   355-510   R & D partnership expenditure on R & D activities  

If an *R & D partnership incurs expenditure on one or more R & D activities during an income year, this Division applies in relation to each *R & D entity that is a partner of the R & D partnership at some time during the income year as if:

(a) the partner incurred the partner's proportion of that expenditure when the R & D partnership incurred that expenditure; and

(b) neither the R & D partnership, nor any other partner of the R & D partnership, incurred expenditure during the income year on the R & D activities; and

(c) such other changes were made to this Division as are appropriate having regard to that partner's proportion of amounts attributable to the R & D partnership.


This section and section 355-515 may result in:

  • (a) the partner being able to deduct the partner's proportion of the partnership expenditure under section 355-205 (R & D expenditure) or 355-480 (earlier year associate R & D expenditure) for the R & D activities; and
  • (b) the partner being affected by the integrity rules in Subdivisions 355-F , 355-G and 355-H .


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