Commonwealth Numbered Regulations

INDUSTRY RESEARCH AND DEVELOPMENT REGULATIONS 2011 (SLI NO 216 OF 2011) - REG 2.02

                For paragraph 28F (3) (e) of the Act, a certificate for an advance finding under subsection 28A (1) of the Act must set out the following matters:

                (a)    the name of the R&D entity to which the finding relates;

               (b)    the ABN, ACN or ARBN of the R&D entity;

                (c)    if the R&D entity is the head company of a consolidated group or MEC group -- details of the subsidiary member of the consolidated group or MEC group that:

                          (i)    conducted, is conducting, or will conduct, the activity to which the finding relates; or

                         (ii)    had, is having, or will have, services provided in relation to the activity to which the finding relates;

               (d)    if the Board specifies in a finding about an activity the times to which the finding relates -- the times that the Board is satisfied the activity was conducted, or is being conducted;

                (e)    if the Board finds that an activity is a supporting R&D activity -- the activity that, in the Board's opinion, is the activity supported by the supporting R&D activity;

                (f)    the income years for which the finding binds the Commissioner under section 355-705 of the ITAA 1997.