Income Tax Assessment Act 1936

Div 3 heading inserted by No 172 of 1978.

S 73RE repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011.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 73RE formerly read:

SECTION 73RE ADJUSTED INCREASE IN EXPENDITURE ON R & D BY THE GROUP  
73RE
Work out the adjusted increase in expenditure on 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.

For each eligible company that was a group member, work out under steps 1 to 9 (inclusive) of the method statement in subsection 73RB(1) the change in expenditure on foreign owned R & D by the eligible company.

Step 3.

Add up all the results of steps 1 and 2.

Note:

If the sum is a negative number, the adjusted increase in expenditure on R & D by the group will be zero.

Step 4.

Subtract the adjustment balance worked out under section 73V from the result of step 3. If the result is a negative number, the adjusted increase in expenditure on R & D by the group is zero instead.

S 73RE 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) .