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

Schedule 2 Innovation Australia's role

(1) An application for a finding under subsection 28A(1) may be made on behalf of an R&D entity by an entity who:

(a) is specified in regulations made for the purposes of this subsection; and

(b) is acting with the R&D entity’s written consent.

The application is taken to be made by the R&D entity.

Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003.

(2) If:

(a) an entity could, under subsection (1), make an application on behalf of more than one R&D entity for the same finding for the same activity; and

(b) the entity applies (the joint application ) under subsection 28G(2) for the finding on behalf of those R&D entities;

the joint application is taken to be a separate application under subsection 28G(1) for the finding by each of those R&D entities.

Subdivision C - Findings about activities to be conducted outside Australia