Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 11   Research and development

Part 1   Amendment of the Income Tax Assessment Act 1936

4   Subsection 73B(1)

Insert:

foreign company means a body corporate that:

(a) is incorporated under a law of a foreign country; and

(b) is a resident of a foreign country for the purposes of a double tax agreement (as defined in Part X) that relates to that foreign country.

Note 1: The following heading to subsection 73B(1A) is inserted "What is eligible feedstock expenditure".

Note 2: The following heading to subsection 73B(1B) is inserted "Limit on what is contracted expenditure".