New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 23   Consolidation: research and development

Income Tax Assessment Act 1936

4   Paragraph 73BF(1)(b)

Repeal the paragraph, substitute:

(b) one or more deductions have been allowed or are allowable to the eligible company under section 73BA or 73BH for the asset for a year or years of income, or would have been so allowed or allowable if:

(i) the company had not chosen a tax offset under section 73I; or

(ii) section 73BAF had not been enacted; and