Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355) 355-205: s 355-205 Claim only expenditure incurred in the year on registered activities, and associate expenditure only when paid

An R&D entity notionally deducts expenditure it incurs in the income year to the extent it is incurred on R&D activities registered under s 27A for an income year and to which the s 355-210 conditions apply; expenditure incurred to an associate counts only if paid to the associate in that year (otherwise see s 355-480). The deduction is subject to the excluded expenditure rules, the integrity rules and the CRC rules.