Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:4_73p:p1
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 4 cl 73P (pt 1/2)
Character Range: 104257–106960

73P  Interpretation

 (1) For the purposes of interpretation, this section and sections 73Q to 73Z (inclusive) are to be read and construed as if they were part of sections 73B, 73BA and 73BH.

 (2) In sections 73Q to 73Z (inclusive):

AA0 means a group's adjustment amount for the Y0 year of income.

AA‑1 means a group's adjustment amount for the Y‑1 year of income.

adjustment amount has the meaning given by section 73T.

adjustment balance has the meaning given by section 73V.

group member means a primary group member or a secondary group member.

group membership period of an eligible company has the meaning given by section 73R.

incremental expenditure means expenditure that is research and development expenditure except:
 (a) expenditure to lease or hire plant; and
 (b) expenditure under a contract to the extent that it is, in substance, for the acquisition of plant and not for the receipt of services.

person has the same meaning as in section 73H.

premium amount has the meaning given by section 73W.

primary group member has the meaning given by section 73R.

R&D spend of an eligible company for a year of income means the sum of:
 (a) the incremental expenditure of the eligible company for the year of income incurred during its group membership period; and
 (b) the incremental expenditure of each group member of the eligible company for the year of income incurred during its group membership period.

RA0 means a group's running average for the Y0 year of income.

RA‑1 means a group's running average for the Y‑1 year of income.

running average for a particular year of income is worked out under section 73U.

secondary group member has the meaning given by section 73R.

start grant means a subsidy or grant paid to an eligible company:
 (a) under an agreement between the company and the Board entered into under the program known as the R&D Start Program; and
 (b) in respect of a year of income in relation to which the company is not registered as mentioned in subsection 73B(10).

viable business has the meaning given by section 73R.

 (3) For the purposes of the definition of incremental expenditure in subsection (2), where expenditure under a contract is both for the acquisition of plant and for the provision of services, the expenditure must be apportioned on a reasonable basis between them.

 (4) None of the expenditure referred to in subsection (3) can be incremental expenditure if a reasonable apportionment is not possible.

 (5) A company's incremental expenditure for a year of income excludes the total group markup of the company for that expenditure (as worked out under subsection 73B(14AC)).

 (6) In this section and in sections 73Q, 73R,