Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:4_73v
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 4 cl 73V
Character Range: 114487–115263

73V  Adjustment balance

 (1) The adjustment balance is, if the R&D spend of the eligible company for the Y‑1 year of income is less than or equal to RA‑1:

 (2) Otherwise, the adjustment balance is:
reduced by the R&D spend of the eligible company for the Y‑1 year of income.

 (3) The adjustment balance is zero if:
 (a) the eligible company or any of its group members was eligible to claim an additional deduction under section 73Y for the Y‑1 year of income; and
 (b) there has been no change in the control of the eligible company or any of its group members for the Y0 year of income resulting in:
 (i) a company entering or leaving the group with a viable business; and
 (ii) a change to the R&D spend of the eligible company for the Y‑1, Y‑2 or Y‑3 year of income.