Income Tax Assessment Act 1936

Div 3 heading inserted by No 172 of 1978.

S 73X repealed by No 164 of 2007 , s 3 and Sch 11 item 42, effective 25 September 2007.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) . S 73X formerly read:

SECTION 73X APPORTIONMENT BETWEEN GROUP MEMBERS  
73X(1)
The premium amount is distributed between each group member (the increasing members ) that increased its incremental expenditure incurred during its group membership period for the Y ₀ year of income over the average of its incremental expenditure incurred during its group membership period for the Y _{− 1} , Y _{− 2} and Y _{− 3} years of income.

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History

S 73X(1) substituted by No 78 of 2007 , s 3 and Sch 3 item 19, applicable to assessments for the year of income following 21 June 2007 and later years. S 73X(1) formerly read:

73X(1) [Distribution of premium amount]  

The premium amount is distributed between each of the group members (the increasing members ) that increased its incremental expenditure incurred during its group membership period for the Y ₀ year of income over its incremental expenditure incurred during its group membership period for the Y _{− 1} year of income.

73X(2)
The amount distributed to each of the increasing members is the percentage of the premium amount represented by that increasing member's increase in incremental expenditure incurred during its group membership period for the Y ₀ year of income compared to the total amount of increase in incremental expenditure incurred in that year by all of the increasing members during their group membership periods.

73X(3) [Distribution of only one increasing member]  

If there is only one increasing member for the Y ₀ year of income, all of the premium amount is distributed to that company.

S 73X inserted by No 170 of 2001.