Document ID: chunk:federal_register_of_legislation:C2014C00703:clause:3a_7
Version: federal_register_of_legislation:C2014C00703
Segment Type: clause
Provision Reference: sch 3A cl 7
Character Range: 181772–182970

7  Alternative constitutional basis
(1) Without limiting its effect apart from this subitem, the modified operation of each relevant Act as a result of the regulations has the effect it would have if:
 (a) subitem (2) had not been enacted; and
 (b) the relevant Act applied so that quarterly credits could only be worked out for an R&D entity that:
 (i) is a constitutional corporation; or
 (ii) has its registered office (within the meaning of the Corporations Act 2001) or principal place of business (within the meaning of that Act) located in a Territory.
(2) Without limiting its effect apart from this subitem, the modified operation of each relevant Act as a result of the regulations has the effect it would have if:
 (a) subitem (1) had not been enacted; and
 (b) the relevant Act applied so that quarterly credits could only be worked out in respect of activities, or parts of activities, conducted or to be conducted:
 (i) solely in a Territory; or
 (ii) solely outside of Australia; or
 (iii) solely in a Territory and outside of Australia; or
 (iv) for the dominant purpose of supporting core R&D activities conducted, or to be conducted, solely in a Territory.

Part 5—Other matters