Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 355.600

Scope

                   This 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 .



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