Document ID: chunk:federal_register_of_legislation:C2004A01381:clause:1_37h
Version: federal_register_of_legislation:C2004A01381
Segment Type: clause
Provision Reference: sch 1 cl 37H
Character Range: 23451–24542

37H  Provisions relating to grants in respect of TCF research and development expenditure

 (1) It is a policy objective for the TCF Post‑2005 (SIP) scheme that grants in respect of TCF research and development expenditure are only to be made in respect of expenditure that:
 (a) under the scheme, is taken to be TCF research and development expenditure; and
 (b) is incurred by an entity during any of the 2005‑2006 to 2014‑2015 income years of the entity; and
 (c) if the expenditure is incurred by the entity during any of the 2010‑2011 to 2014‑2015 income years of the entity—is also clothing/finished textile expenditure.

Note: For clothing/finished textile expenditure, see section 37B.

 (2) It is a policy objective for the scheme that:
 (a) leather/technical textile expenditure is not to be taken, under the scheme, to be expenditure on TCF research and development; and
 (b) expenditure in obtaining industrial property rights may be taken, under the scheme, to be expenditure on TCF research and development.

Note: For leather/technical textile expenditure, see section 37B.