Document ID: chunk:federal_register_of_legislation:C2021C00270:clause:5_10
Version: federal_register_of_legislation:C2021C00270
Segment Type: clause
Provision Reference: sch 5 cl 10
Character Range: 60072–60727

10  An R&D entity:                                                                                                                                                                          Subdivision 355‑G
    • receives, or becomes entitled to receive, a recoupment from government relating to R&D activities; or
    • can deduct, under Division 355, expenditure on goods, materials or energy used during R&D activities to produce marketable products or products applied to the R&D entity's own use;
    and the entity is entitled under Division 355 to a tax offset relating to those R&D activities.
    An amount is included in its assessable income.