Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 355.545

    For an * R&D entity that is a partner of an * R&D partnership, none of the following:

  (a)   any expenditure the R&D entity is taken to have incurred because of this Subdivision;

  (b)   any amount the R&D entity can deduct under this Subdivision;

  (c)   any * recoupment the R&D entity is taken to have received because of this Subdivision;

are to be taken into account in determining the * net income of the R&D partnership, or any * partnership loss of the R&D partnership, for an income year.

Table of sections

355 - 580   When notional deductions for CRC contributions arise