Tax Laws Amendment (Research and Development) Act 2011 (93 of 2011)

Schedule 2   Innovation Australia's role

Part 1   Main amendment

Industry Research and Development Act 1986

27C   Notice of decision about registration

(1) The Board must notify an applicant in writing of the Board’s decision under subsection 27A(1) about the application.

(2) The notice must include a certificate for each finding (if any) made under subsection 27B(1) for the application. The certificate must set out:

(a) a description of the finding; and

(b) the Board’s reasons for the finding; and

(c) the activity affected by the finding; and

(d) the matters (if any) specified in regulations made for the purposes of this paragraph.

The notice and certificate may set out other matters.

Note: The notice could also mention the applicant’s right to have the finding reviewed under Division 5 (see section 30B).

(3) The Board must give the Commissioner a copy of the notice if the notice includes one or more certificates.

(4) A failure to comply with this section does not affect the validity of the decision or finding.

Subdivision C - Applying to register R&D activities