Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)

Schedule 1   Streamlining amendments

Part 3   Research and development plans

Income Tax Assessment Act 1936

5   After subsection 73B(2B)

Insert:

(2BA) Activities are not covered by the definition of research and development activities in subsection (1) unless they are carried on in accordance with a plan that complies with any guidelines formulated by the Board under section 39KA of the Industry Research and Development Act 1986 that are in force at the time.