Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992 - SECT 99

99. Section 39A of the Principal Act is amended by inserting in subsection (1)
the following definitions:

"'finance' includes debt finance and equity finance;
'finance scheme', in relation to research and development activities carried
on, or proposed to be carried on, by or on behalf of an eligible company,
means a scheme entered into or carried out by any of the parties to the scheme
for the purpose, or for purposes that include the purpose:

   (a)  of enabling the company, or an associate of the company, to obtain
        finance (whether by way of renewal or otherwise) in connection with
        those activities; or

   (b)  of enabling the company, or an associate of the company, to obtain an
        extension of the period for which finance was obtained in connection
        with those activities under an earlier scheme;
'ineligible finance scheme' means a finance scheme that is taken to be an
ineligible finance scheme under the finance scheme guidelines;
'scheme' means:

   (a)  an agreement, arrangement, understanding, promise or undertaking,
        whether express or implied and whether or not enforceable, or intended
        to be enforceable, by legal proceedings; and

   (b)  a scheme, plan, proposal, action, course of action or course of
        conduct.".