Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)
Schedule 3 Research and development
Income Tax Assessment Act 1936
10 Subsection 73P(2)
Insert:
commercial ready grant means a subsidy or grant that:
(a) is paid to an eligible company under the program known as the Commercial Ready program; and
(b) includes a component for activities of the company that are research and development activities, or would be, apart from subsection 73B(2BA); and
(c) is for a year of income in relation to which the company is not registered as mentioned in subsection 73B(10).
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