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

Schedule 3   Other amendments relating to new R&D incentive

Part 6   Other amendments

Income Tax Assessment Act 1997

72   Paragraph 41-10(3)(c)

Repeal the paragraph, substitute:

(c) disregard subsection 355-715(2) (tax offset for assets used for R&D activities).