Richard Colbeck (Tasmania, Liberal Party, Shadow Parliamentary Secretary for Fisheries and Forestry) Share this | Hansard source

by leave—I move opposition amendments (11) to (13) and amendments (52) and (53) together:

(11)    Schedule 1, item 1, page 22 (line 36), omit "only".

(12) Schedule 1, item 1, page 23 (line 4), omit "only".

(13)    Schedule 1, item 1, page 23 (line 9), omit "otherwise", substitute "if neither of paragraphs (a) and (b) apply".

(52)    Schedule 4, item 15, page 131 (table, after line 31), insert:

355-410 Disposal of results of R&D activities under old Act

(53) Schedule 4, item 15, page 131 (after line 32), before section 355-415, insert:

355-410 Disposal of results of R&D activities under old Act

     If an R&D entity under the Income Tax Assessment Act 1997 (the new Act) made claims under the formersection 73B of the Income Tax Assessment Act 1936 (the old Act) in relation to R&D activities under the old Act, then section 355-410 of the new Act applies in relation to the results of those activities as if they were R&D activities for the new Act.