Document ID: chunk:federal_register_of_legislation:C2014C00703:clause:3a_5:p1
Version: federal_register_of_legislation:C2014C00703
Segment Type: clause
Provision Reference: sch 3A cl 5 (pt 1/2)
Character Range: 176601–179429

5  Some matters the modified Acts may provide for
(1) As a result of the regulations, the collective operation of the relevant Acts may provide for any or all of the following matters:
 (a) eligibility criteria for quarterly credits, including:
 (i) matters relevant to working out when paragraph 3(2)(b) is satisfied; and
 (ii) additional criteria to those mentioned in subitem 3(2);
 (b) how applications for quarterly credits may be made, including that:
 (i) applications must be in an approved form; and
 (ii) applications may be varied;
 (c) that Innovation Australia may make findings (the IA findings) about the activities that relate to an application, or proposed application, for quarterly credits;
 (d) how IA findings may be made, including that IA findings may be made on application in an approved form;
 (e) fees relating to applications for quarterly credits or applications for IA findings, and a method for indexing the fees;
 (f) how applications for quarterly credits or IA findings are considered (and approved or rejected);
 (g) that applicants for quarterly credits or IA findings are notified of specified decisions or matters;
 (h) that further information may be requested from applicants for quarterly credits or IA findings;
 (i) deadlines for doing things in relation to quarterly credits or the making of IA findings;
 (j) how amounts of quarterly credits are worked out;
 (k) that each quarterly credit is a credit the R&D entity is entitled to under a taxation law for the purposes of Part IIB of the Taxation Administration Act 1953;
 (l) that an R&D entity's total credits for an income year become a debt due to the Commonwealth at a specified time after the end of the income year;
 (m) that each of the following may be varied or revoked:
 (i) an approval of an application for quarterly credits;
 (ii) an IA finding;
 (n) that internal review may be sought of specified decisions relating to quarterly credits or the making of IA findings;
 (o) that review by the Administrative Appeals Tribunal may be sought of internal review decisions relating to quarterly credits or the making of IA findings;
 (p) integrity measures;
 (q) that specified findings, decisions or requests made by Innovation Australia relating to quarterly credits are binding on the Commissioner (or vice versa);
 (r) that Innovation Australia is authorised to disclose to the Commissioner (or vice versa) information relating to quarterly credits or the making of IA findings;
 (s) matters of a transitional, application or saving nature;
 (t) matters of a consequential, ancillary or incidental nature.
Note 1: Innovation Australia's findings (see paragraph (c)) could be made before, during or after the consideration of an application for quarterly credits.
Note 2: Innovation Australia could make decisions on its