Commonwealth Consolidated Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 - SECT 26

                   The objects of this Part are:

                     (a)  to provide integrity for the working out of tax offsets under Division 355 (about R&D) of the Income Tax Assessment Act 1997 ; and

                     (b)  to increase certainty through findings about matters relevant to the working out of those tax offsets; and

                     (c)  to improve access for small and medium R&D entities to quality research services by maintaining a register of research service providers.

Note:          The integrity mentioned in paragraph (a) is provided, for example, by:

(a)    the Board registering entities seeking these tax offsets; and

(b)    the Board conducting compliance checks on those entities.