Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)
Schedule 11 Research and development
Taxation Laws Amendment Act (No. 3) 1996
13 Item 38 of Schedule 4
Repeal the item, substitute:
38 - Application
The amendments made by this Division do not apply to core technology expenditure incurred:
(a) by a partnership under a contract entered into before 8.30 pm, by legal time in the Australian Capital Territory, on 13 December 1996; or
(b) by eligible companies jointly registered under section 39P of theIndustry Research and Development Act 1986 where the expenditure is incurred under a contract entered into at or after 8.30 pm, by legal time in the Australian Capital Territory, on 13 December 1996.
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