Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 11 Research and development
Part 1 Amendment of the Income Tax Assessment Act 1936
4 Subsection 73B(1)
Insert:
foreign company means a body corporate that:
(a) is incorporated under a law of a foreign country; and
(b) is a resident of a foreign country for the purposes of a double tax agreement (as defined in Part X) that relates to that foreign country.
Note 1: The following heading to subsection 73B(1A) is inserted "What is eligible feedstock expenditure".
Note 2: The following heading to subsection 73B(1B) is inserted "Limit on what is contracted expenditure".