Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 3   Other amendments relating to new R&D incentive

Part 2   Prepayments of expenditure

Income Tax Assessment Act 1936

14   At the end of subsection 82KZMF(2)

Add:

Note: Deductions under section 355-205 or 355-480 of the Income Tax Assessment Act 1997 for R&D expenditure are subject to this section (see subsection 8-5(2) and section 355-105 of that Act).