Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:2_1:p4
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 4/17)
Character Range: 60481–63339

is on feedstock, whether raw materials (such as ores or mineral concentrates) or intermediate outputs from a previous processing step; or
 (e) would result in more than 10% of the company's CMPTI expenditure for the income year being incurred on or in relation to *intellectual property; or
 (f) is of a kind prescribed by the regulations.
Note: Similarly, subsection (1) means CMPTI expenditure does not include expenditure to the extent that the expenditure is incurred in carrying on:
(a) a registered CMPTI processing activity at a facility not specified in the certificate of registration for the activity; or
(b) an activity that is not a registered CMPTI processing activity.
 (3) Despite subsection (1), if carrying on one or more of the company's *registered CMPTI processing activities results in an output that:
 (a) would, if the output were the only output of the activities, mean the activities are not *CMPTI processing activities; and
 (b) is disposed of, or is used to produce another output that is disposed of, in a way that:
 (i) is for value; or
 (ii) involves the company and another entity not dealing with each other at *arm's length; or
 (iii) is to an *associate of the company;
CMPTI expenditure does not include so much of the company's expenditure incurred in carrying on those activities as is reasonably attributable to the first‑mentioned output.

419‑30  Expenditure to be worked out excluding GST
  In determining an amount of expenditure for the purpose of this Division, the expenditure is taken to exclude *GST.

Subdivision 419‑C—Registering activities and facilities for the CMPTI tax offset

Table of sections
419‑35 Meaning of registered CMPTI processing activity
419‑40 Notice of decision about an application for registration
419‑45 Annual report about a registered CMPTI processing activity
419‑50 A registration is in force for up to 10 income years
419‑55 Transferring a registration
419‑60 Varying a registration
419‑65 Automatic suspension of a registration for failing to give an annual report or requested further information
419‑70 Revoking a registration
419‑75 Effect of revocations
419‑80 Industry Secretary may request further information
419‑85 Advising the Commissioner about a registration
419‑90 Amendment of assessments

419‑35  Meaning of registered CMPTI processing activity
 (1) A company has a registered CMPTI processing activity for an income year if:
 (a) the activity is registered for the company under subsection (2); or
 (b) a registration of the activity is transferred to the company under subsection 419‑55(2);
and the registration is in force for the company and the income year.
Note: For when the registration is in force, see section 419‑50. The registration will not be in force if:
(a) it has already expired (see section 419‑50); or
(b) it is suspended or has been revoked (see