New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)

Schedule 11   Consolidation: consequential provisions for research and development

Income Tax Assessment Act 1997

9   At the end of section 701-5

Add:

Note 2: Section 73BAC of theIncome Tax Assessment Act 1936 overrides this rule for the purposes of the research and development incremental expenditure provisions.