Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)
Schedule 4 AMENDMENTS RELATING TO RESEARCH AND DEVELOPMENT ACTIVITIES
Part 2 INCOME TAX ASSESSMENT ACT 1936
16 After subsection 73B(17)
Insert:
"(17A) An amount is not allowable as a deduction under subsection (12), (13), (14), (15) or (17) from a company's assessable income of a year of income in respect of expenditure on overseas research and development activities unless the expenditure is certified expenditure.".
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