Document ID: chunk:federal_register_of_legislation:C2014C00703:clause:4_3:p2
Version: federal_register_of_legislation:C2014C00703
Segment Type: clause
Provision Reference: sch 4 cl 3 (pt 2/3)
Character Range: 216473–219171

become taxable
  Item 7 of the table in subsection 57‑110(2) in Schedule 2D to the Income Tax Assessment Act 1936 applies as if the deduction rules set out in the final column of that item also included former sections 73BA and 73BH of the Income Tax Assessment Act 1936.

Subdivision 355‑F—Integrity rules

Table of sections
355‑415 Expenditure reduced to reflect group mark‑ups

355‑415  Expenditure reduced to reflect group mark‑ups
  For the purposes of step 1 of the method statement in subsection 355‑415(2) of the Income Tax Assessment Act 1997, also disregard amounts that have already been taken into account under former subsection 73B(14AA) of the Income Tax Assessment Act 1936 for the R&D entity, the grouped entity and the R&D activities for an earlier income year.

Subdivision 355‑K—Modified application of the old R&D law

Table of sections
355‑550 Prepayments of R&D expenditure extending into the 2011‑12 income year

355‑550  Prepayments of R&D expenditure extending into the 2011‑12 income year

Advance R and D expenditure
 (1) This section applies if, apart from former paragraph 73B(10)(a) of the Income Tax Assessment Act 1936, an eligible company could deduct advance R and D expenditure in one or more income years commencing on or after 1 July 2011.
Note: That deduction would be under former section 73B of that Act as that former section applies because of Part 2 of Schedule 4 to the Tax Laws Amendment (Research and Development) Act 2011.

Other prepayments of R&D expenditure
 (2) This section also applies if:
 (a) apart from Subdivision H (prepaid expenditure) of Division 3 of Part III of the Income Tax Assessment Act 1936, an eligible company can deduct an amount under former section 73B, 73BA, 73BH, 73QA, 73QB or 73Y of that Act for an income year commencing before 1 July 2011; and
 (b) that Subdivision applies to the calculation of that amount; and
 (c) apart from former paragraph 73B(10)(a) of that Act, the eligible company could deduct an amount, as a result of that application of that Subdivision, for an income year commencing on or after 1 July 2011.
Note: That deduction would be under that Act as it applies because of Part 2 of Schedule 4 to the Tax Laws Amendment (Research and Development) Act 2011.

Changed registration requirement
 (3) Former paragraph 73B(10)(a) of that Act is taken to apply to those income years commencing on or after 1 July 2011 as if the reference in that former paragraph to section 39J of the Industry Research and Development Act 1986 were a reference to section 27A of that Act.

Meaning of expressions
 (4) An expression used in this section that is also used in former section 73B of the Income Tax Assessment