Taxation Laws Amendment (Research and Development) Act 2001 (Cth)

Taxation Laws Amendment (Research and Development) Act 2001

Act No. 170 of 2001 as amended

This compilation was prepared on 14 April 2005

[This Act was amended by Act No. 57 of 2002 and Act No. 41 of 2005]

Amendment from Act No. 57 of 2002 [Schedule 12 (item 63) amended subsection 2(3) Schedule 12 (item 63) commenced on 1 October 2001]

Amendment from Act No. 41 of 2005 [Schedule 10 (item 268) amended Schedule 4 (item 2) Schedule 10 (item 268) commenced on 1 October 2001]

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................

Schedule 1—Streamlining amendments

Part 1—Objects provisions Income Tax Assessment Act 1936 Industry Research and Development Act 1986

Part 1A—Report on access to tax offset Industry Research and Development Act 1986

Part 3—Research and development plans Income Tax Assessment Act 1936 Industry Research and Development Act 1986

Schedule 2—Plant etc.

Part 1—Retrospective change to qualifying plant expenditure Income Tax Assessment Act 1936

Part 2—Retrospective exemption of pilot plant from CGT provisions Income Tax (Transitional Provisions) Act 1997

Part 3—Effective life basis for deduction Division 1—Amendments commencing at 12 pm on 29 January 2001 Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Industry Research and Development Act 1986 Division 2—Amendments commencing immediately after the New Business Tax System (Capital Allowances) Act 2001 Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Industry Research and Development Act 1986

Schedule 3—Refundable tax offset Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation (Interest on Overpayments and Early Payments) Act 1983