Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Subdivision applies to core technology (within the meaning of former section 73B of the Income Tax Assessment Act 1936 ) if:
(a) you incurred core technology expenditure (within the meaning of that former section) in an income year commencing before 1 July 2011 in relation to the core technology under one or more contracts entered into at or after the time referred to in former subsection 73B(12) of that Act; and
(b) that expenditure (the undeducted expenditure ) cannot be
deducted for the last income year commencing before 1 July 2011.