Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

4   Intellectual property (new Division 373)

3   Consequential amendment of the Income Tax Assessment Act 1936

19   Subsection 82KH(1) (before paragraph (w) of the definition of relevant expenditure)

Insert:

(wa) expenditure (unless covered by an earlier paragraph of this definition) incurred by the taxpayer in respect of an item of intellectual property (as defined by section 373-15 of the Income Tax Assessment Act 1997), but only to the extent described at the end of this definition;