Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 355.530

    For the purposes of section   355 - 100 (tax offsets for R&D), if:

  (a)   an * R&D entity is a partner of an * R&D partnership at some time during an income year; and

  (b)   the partner's * aggregated turnover for the income year does not include the R&D partnership's * annual turnover for the income year;

the partner's aggregated turnover for the income year includes the * partner's proportion of the R&D partnership's annual turnover for the income year.