Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)
Schedule 3 Research and development
Income Tax Assessment Act 1936
5 Paragraph 73J(1)(b)
Repeal the paragraph, substitute:
(b) either:
(i) all or part of the amount that the company could, apart from subsection 73I(4), have deducted is contracted expenditure; or
(ii) its aggregate research and development amount for the tax offset year exceeds $20,000; and
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