Income Tax Assessment Act 1997
In addition to its application apart from this section, section 355-410 (disposal of R & D results) also applies to each partner of an *R & D partnership with such changes as are appropriate having regard to:
(a) amounts (the results amounts ) of a kind set out in subparagraphs 355-410(1)(b)(i) to (v) that the R & D partnership receives or becomes entitled to receive in an income year; and
(b) the principle that any amount to be included in the partner ' s assessable income for the income year for a results amount should be the partner ' s proportion of the amount arising under subsection 355-410(2) for the results amount.
The ordinary application of section 355-410 will apply to any of the partner ' s deductions under this Division that do not relate to the R & D partnership.
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