Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:11_29
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 11 cl 29
Character Range: 292213–292904

29  Subsection 73P(2) (definition of R&D spend)
Repeal the definition, substitute:

R&D spend of an eligible company and its group members for a year of income means the sum of:
 (a) the amounts worked out for the year of income under steps 1, 2 and 3 of the method statement in subsection 73RA(1) as the reduced expenditure on Australian owned R&D by each eligible company in its group membership period for the year of income; and
 (b) the amounts worked out for the year of income under steps 4, 5 and 6 of the method statement in subsection 73RB(1) as the reduced notional expenditure on foreign owned R&D by each eligible company in its group membership period for the year of income.