•   The Board may register an R&D entity for R&D activities conducted during an income year.

•   The Board may make findings about the nature of an R&D entity's activities both before and after registration. This includes findings made on application by the R&D entity after registration.

•   These findings bind the Commissioner for the purposes of any entitlement of the R&D entity to a tax offset under Division   355 of the Income Tax Assessment Act 1997 for the activities.

•   The Board will register an R&D entity's activities consistently with any findings made about the entity's application. Any findings made about these activities after registration will, if necessary, automatically vary the entity's registration.

•   Registrations can also be varied and revoked.