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

Schedule 2   Innovation Australia's role

Part 1   Main amendment

Industry Research and Development Act 1986

28G   Applying for findings

Applications for findings

(1) An application for one or more findings under this Division must be:

(a) in the approved form; and

(b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this subsection.

Note 1: An application can seek findings for several activities.

Note 2: Section 32 deals with approved forms.

Joint applications for identical advance findings

(2) An application for identical findings under subsection 28A(1) on behalf of several R&D entities must be:

(a) in the approved form; and

(b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this subsection.

Note: The application is taken to be a separate application under subsection (1) of this section for the finding by each of those R&D entities (see subsection 28B(2)).