Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 4   AMENDMENTS RELATING TO RESEARCH AND DEVELOPMENT ACTIVITIES

Part 2   INCOME TAX ASSESSMENT ACT 1936

19   After subsection 73B(34)

Insert:

"(34A) If the Board gives to the Commissioner a certificate stating whether particular activities that have been or are being carried on by or on behalf of an eligible company in respect of a project are the overseas research and development activities described in the provisional certificate given by the Board to the company under section 39ED of the Industry Research and Development Act 1986, the certificate is binding on the Commissioner for the purpose of making an assessment of the company's taxable income of any year of income in which any research and development activities included in the project were carried on.".