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

3   Subsection 73B(1)

Insert:

expenditure on foreign owned R&D by an eligible company for a year of income has the meaning given by subsections (14C) and (14D).