Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 11   Research and development

Part 2   Amendment of the Industry Research and Development Act 1986

73   Subparagraph 39M(1)(b)(i)

Repeal the subparagraph, substitute:

(i) any of the results of those research and development activities have been exploited otherwise than on normal commercial terms; or

(ia) those research and development activities are not for the benefit of the Australian economy; or