Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 355.460

    This Subdivision applies to an * R&D entity for an income year (the present year ) if:

  (a)   the R&D entity has an amount (a catch up amount ) under section   355 - 465, 355 - 466, 355 - 467 or 355 - 468 for an asset for the present year; and

  (b)   the R&D entity has received, or is entitled to receive, a * tax offset under section   355 - 100 for one or more income years (each an offset year ) in relation to the asset.