Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 17/18)
Character Range: 5222613–5225301

(a) the partner being able to deduct the partner's proportion of the partnership expenditure under section 355‑205 (R&D expenditure) or 355‑480 (earlier year associate R&D expenditure) for the R&D activities; and
(b) the partner being affected by the integrity rules in Subdivisions 355‑F, 355‑G and 355‑H.

355‑515  R&D activities conducted by or for an R&D partnership
  If one or more *R&D activities are conducted by or for an *R&D partnership during an income year, this Division applies in relation to each *R&D entity that is a partner of the R&D partnership at some time during the income year as if:
 (a) the R&D activities were conducted by or for the partner in a corresponding way to the way the R&D activities were conducted by or for the R&D partnership; and
 (b) the partner had relationships with other entities in relation to the R&D activities that corresponded to the relationships the R&D partnership had with those other entities in relation to the R&D activities; and
 (c) a thing done by, or in relation to, the R&D partnership in relation to the R&D activities were a thing done by, or in relation to, the partner; and
 (d) the R&D activities were neither:
 (i) conducted by or for the R&D partnership; nor
 (ii) conducted by or for any other partner of the R&D partnership; and
 (e) such other changes were made to this Division as are appropriate having regard to that partner's proportion of amounts attributable to the R&D partnership.
Note 1: For the purposes of this Division, entities that are associates or affiliates of, or connected with, the R&D partnership are taken to be associates or affiliates of, or connected with, the partner (see paragraph (b)).
Note 2: For the purposes of this Division, payments and agreements made by the R&D partnership for the R&D activities are taken to be made by the partner (see paragraph (c)).

355‑520  When notional deductions arise for decline in value of depreciating assets of R&D partnerships

When notional deductions arise
 (1) If:
 (a) an *R&D entity is a partner of an *R&D partnership at some time during an income year (the present year); and
 (b) the partner is registered under section 27A of the Industry Research and Development Act 1986 for the present year for one or more *R&D activities that are activities to which section 355‑210 (conditions for R&D activities) applies; and
Note: Section 355‑210 applies with changes for this paragraph (see section 355‑515).
 (c) while a tangible *depreciating asset is *held by the R&D partnership during the present year, the asset is used for the purpose of conducting one or more of those R&D activities; and
 (d) the R&D partnership could deduct an amount