Income Tax Assessment Act 1936

Div 3 heading inserted by No 172 of 1978.

S 73RC repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011. For application, savings and transitional provisions see note under s 82KZLB . S 73RC formerly read:

SECTION 73RC NET INCREASE IN EXPENDITURE ON AUSTRALIAN OWNED R & D BY THE GROUP  
73RC
For the purposes of sections 73QA and 73QB , work out the net increase in expenditure on Australian owned R & D by the group as follows: Method statement

Step 1.

For each eligible company that was a group member, work out under steps 1 to 6 (inclusive) of the method statement in subsection 73RA(1) the change in expenditure on Australian owned R & D by the eligible company.

Step 2.

Total the results of step 1. If the result is a negative number, the net increase in expenditure on Australian owned R & D by the group is zero instead.

S 73RC inserted by No 164 of 2007 , s 3 and Sch 11 item 37, effective 25 September 2007. For application provision, see note under s 73B(1AAA) . For transitional provisions regarding reduced notional expenditure on foreign owned R & D, see note under s 73P(1) .