Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)

Schedule 2   Plant etc.

Part 1   Retrospective change to qualifying plant expenditure

Income Tax Assessment Act 1936

2   Application

The amendment made by this Part applies to expenditure incurred by an eligible company on:

(a) the acquisition, or the construction, under a contract entered into on or after 1 July 1985, of a unit of plant; or

(b) the construction by the company, being construction that commenced on or after 1 July 1985, of a unit of plant.