Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p64
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 64/64)
Character Range: 556501–557323

Note 1: This section applies even if the R&D entity is entitled under section 355‑100 of the new Act to tax offsets for one or more income years for deductions under section 355‑305 of that Act for the asset.
Note 2: Section 40‑292 of this Act may apply if paragraph (c), but not paragraph (b), of this subsection is satisfied.

Changed application of Division 40
 (2) For the purposes of paragraph (1)(e), assume that Division 40 of the new Act applied with the changes described in section 355‑310 of that Act, but with these changes to that section:

Changes to be made to section 355‑310 of the new Act
Item                                                  For a reference in section 355‑310 to...                                                                                             substitute a reference to...