Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 11 Research and development
Part 2 Amendment of the Industry Research and Development Act 1986
51 Section 39D
Repeal the section, substitute:
39D Research and development activities for the benefit of the Australian economy
(1) Australian research and development activities are taken to be for the benefit of the Australian economy.
(2) Overseas research and development activities are taken to be for the benefit of the Australian economy if the Board has given a provisional certificate in respect of the activities.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
