Document ID: chunk:federal_register_of_legislation:C2014C00703:clause:2_27a
Version: federal_register_of_legislation:C2014C00703
Segment Type: clause
Provision Reference: sch 2 cl 27A
Character Range: 78833–80304

27A  Registering R&D entities for R&D activities
 (1) The Board must, on application by an R&D entity, decide whether to register or refuse to register the entity for either or both of the following for an income year:
 (a) one or more specified activities as core R&D activities conducted during the income year;
 (b) one or more specified activities as supporting R&D activities conducted during the income year.
Note 1: A decision under this subsection is reviewable (see Division 5).
Note 2: For requirements of applications, see section 27D.
 (2) If the Board decides under subsection (1) to register the R&D entity, the Board must do so consistently with:
 (a) any findings already in force under subsection 27B(1) in relation to the application; and
 (b) any findings already in force under subsection 28A(1) (advance findings about the nature of activities) in relation to the R&D entity.
 (3) For each activity registered under subsection (1) as a supporting R&D activity for an R&D entity for an income year, the registration is to also specify:
 (a) one or more activities as the corresponding core R&D activities; and
 (b) if any of those activities specified as a core R&D activity is not registered under paragraph (1)(a) for the R&D entity for the income year—each income year for which that core R&D activity:
 (i) was registered under paragraph (1)(a) for the R&D entity; or
 (ii) is proposed to be registered under paragraph (1)(a) for the R&D entity.