Commonwealth Consolidated Acts

INDUSTRY RESEARCH AND DEVELOPMENT ACT 1986 - SECT 39JA

             (1)  For the purposes of this section, an eligible company is taken to have a registration history only if:

                     (a)  the company has been registered under section 39J in respect of at least 2 years of income during the period starting at the beginning of the 1985‑86 year of income and ending at the end of the 1992‑93 year of income; and

                     (b)  the company was so registered before the end of 12 months after the end of the 1992‑93 year of income.

             (2)  If an eligible company has a registration history, paragraph 39J(1A)(a) does not apply in relation to the company in respect of a year of income that occurred after the second year of income during the period mentioned in paragraph (1)(a), in respect of which the company was registered before the beginning of the 1993‑94 year of income.

             (3)  The Board cannot register under section 39J an eligible company that has a registration history in respect of a year of income that occurred after the second year of income during the period mentioned in paragraph (1)(a), in respect of which the company was registered before the beginning of the 1993‑94 year of income, unless the application for registration is made before 1 July 1997.