Document ID: chunk:federal_register_of_legislation:C2014C00703:clause:2_27m
Version: federal_register_of_legislation:C2014C00703
Segment Type: clause
Provision Reference: sch 2 cl 27M
Character Range: 91974–93249

27M  Varying registrations on application
 (1) The Board may, by notice in writing given to an R&D entity, vary the entity's registration under section 27A for an income year if:
 (a) the entity applies for the variation; and
 (b) the variation is consistent with the Board's findings (if any) in force under this Part in relation to the R&D entity; and
 (c) making the variation is justified in accordance with the decision‑making principles.
Note 1: A decision not to vary is reviewable (see Division 5).
Note 2: Section 32A deals with the decision‑making principles.
 (2) An application for a variation must be:
 (a) in the approved form; and
 (b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this section.
Note: Section 32 deals with approved forms.
 (3) Section 27E applies to an application under this section in a way corresponding to the way that section applies to an application under section 27D.
Note: This means the Board may request further information about the application for variation.
 (4) For the purposes of this Act and the Income Tax Assessment Act 1997, the effect of a variation is that the entity's registration under section 27A for the income year is taken always to have existed as varied.