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

Schedule 2 Innovation Australia's role

(1) The Board may notify the applicant in writing that the Board:

(a) needs to make inquiries in order to determine whether the applicant meets the criteria for registration referred to in subsection 29A(2); and

(b) requires the applicant to pay the Board a specified amount towards the cost of those inquiries.

(2) The Board may refuse to consider the application until the applicant pays the Board that amount.

(3) An amount specified in a notice under subsection (1) must not exceed the higher of:

(a) $1,000; and

(b) the amount (if any) specified in regulations made for the purposes of this subsection;

and must not be such as to amount to taxation.

Subdivision D - Varying or revoking registrations