Taxation Laws Amendment (Research and Development) Act 2001 (170 of 2001)

Schedule 1   Streamlining amendments

Part 1A   Report on access to tax offset

Industry Research and Development Act 1986

2A   After paragraph 46(2)(c)

Insert:

(ca) must set out:

(i) the total number of applications during the financial year for registration of eligible companies under section 39J that specified an intention to choose a tax offset under section 73I of the Income Tax Assessment Act 1936; and

(ii) the total amounts of the offsets involved;

and must include an analysis of the tax offset scheme, including the tax offset thresholds, for that year; and