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

Schedule 2   Plant etc.

Part 3   Effective life basis for deduction

Division 1   Amendments commencing at 12 pm on 29 January 2001

Income Tax Assessment Act 1936

8   Subsection 73B(1) (definition of research and development expenditure )

Omit "or expenditure incurred in the acquisition or construction of plant or pilot plant or", substitute ", excluded plant expenditure or expenditure incurred in the acquisition or construction of".