Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 6   Other amendments

Income Tax Assessment Act 1997

71   Subsection 41-10(2)

Repeal the subsection, substitute:

(2) Subsection 355-715(2) (tax offset for assets used for R&D activities) does not apply to a deduction under subsection (1).