Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:2_1:p6
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 6/17)
Character Range: 65633–68436

that is in a form approved under subsection 419‑150(1).
 (2) Without limiting subsection 419‑150(1), an instrument under that subsection may require the report to contain information about:
 (a) the outputs for the activity for the income year; and
 (b) the expected outputs for the activity for the next income year; and
 (c) any significant events that arose during the income year, or that are expected for the next income year, that could affect the company's:
 (i) entitlement to the *CMPTI tax offset; or
 (ii) registration of the activity.
 (3) Despite subsection 419‑150(1), an instrument under that subsection must require the report to contain information about any matters prescribed by the regulations.

Giving the annual report
 (4) The company must give the report to the *Industry Secretary within the period determined under subsection (5) that starts at the end of the income year.
 (5) The *Industry Secretary may, by legislative instrument, determine a period of at least 30 days for giving reports under this section that starts at the end of each income year.
 (6) The *Industry Secretary must give the Commissioner a copy of each report given under this section.

419‑50  A registration is in force for up to 10 income years

Usual case
 (1) The registration of a company's *registered CMPTI processing activity is in force for the 10‑year period starting at the start of the income year chosen under subsection (2).
 (2) The company may choose:
 (a) the income year in which the *Industry Secretary receives the company's application for registration of the activity under subsection 419‑35(2); or
 (b) a later income year.
The way the company prepares its *income tax returns is sufficient evidence of the making of the choice.
 (3) A choice under subsection (2) is irrevocable.

If the registration is a transfer or re‑registration
 (4) Despite subsection (1), if the registration of a company's *registered CMPTI processing activity:
 (a) results from a transfer under subsection 419‑55(2) of a registration that has already come into force; or
 (b) will not be the first registration of the activity under subsection 419‑35(2) that has come into force for any company;
the registration of the company's registered CMPTI processing activity comes into force at the start of the income year that includes the day the *Industry Secretary receives the application that results in that registration.
 (5) The registration ceases to be in force at the same time that the first registration of the activity:
 (a) under subsection 419‑35(2); and
 (b) that came into force for any company;
would have ceased to be in force if that first registration had continued in force for its full 10‑year period.

If the activity is similar to another registered activity
 (6) Despite subsections