Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)
Schedule 11 Research and development
Income Tax Assessment Act 1936
10 After subsection 73B(33B)
Insert:
(33BA) Subject to subsections (33BB) and (33C), if the Board gives the Commissioner a certificate in relation to a company or companies under subsection 39PB(6) of theIndustry Research and Development Act 1986, a deduction is not allowable under this section in respect of expenditure in relation to research and development activities referred to in the certificate that is incurred by that company or any of those companies after the day stated in the certificate.
(33BB) Subsection (33BA) does not apply to expenditure in relation to research and development activities in respect of which a company is registered under section 39J of theIndustry Research and Development Act 1986.
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