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

Schedule 4   AMENDMENTS RELATING TO RESEARCH AND DEVELOPMENT ACTIVITIES

Part 1   INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986

5   After section 39L

Insert:

Certificate as to overseas research and development activities

"39LAA. (1) The Board may, and must if requested in writing by the Commissioner to do so, give 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 to the company.

"(2) If the Board gives a certificate under subsection (1), the Board must give to the company concerned:

(a) a copy of the certificate; and

(b) if the Board decided that particular activities were not the overseas research and development activities described in the provisional certificate - a statement of the reasons for its decision.".