Commonwealth Numbered Regulations Commonwealth Numbered RegulationsFor subsection 32 (3) of the Act, when approving a form for an application under section 28G of the Act for an advance finding under section 28A of the Act, the Board must also ensure the form requires the production of the following information or material:
(a) for an application under subsection 28G (2) of the Act:
(i) the names of the R&D entities taken to have applied for the identical findings; and
(ii) if the entity making the application is an entity mentioned in regulation 4.01, evidence that the entity is acting with the written consent of the R&D entities;
(b) for each activity for which the entity is applying for an advance finding:
(i) whether, in the applicant's opinion, the activity is a core R&D activity or a supporting R&D activity; and
(ii) why the applicant considers the activity meets the definition of core R&D activities in section 355-25 of the Act, or the definition of supporting R&D activities in section 355-30 of the Act; and
(iii) if the activity was, or is being, conducted in the income year during which the application is made -- when the activity was, or is being, conducted during the income year; and
(iv) if the activity is yet to be conducted -- evidence from which it is reasonable to conclude that the activity is expected to be conducted in the income year in which the application is made or in either of the next 2 income years;
(c) for each activity that, in the applicant's opinion, is a supporting R&D activity:
(i) the core R&D activities that, in the applicant's opinion, are supported by the supporting R&D activity, including when the core R&D activities were conducted or will be conducted; and
(ii) whether the supporting R&D activity:
(A) is directly related to the core R&D activities as mentioned in subsection 355-30 (1) of the ITAA 1997; or
(B) was, is being, or will be, undertaken for the dominant purpose of supporting core R&D activities as mentioned in subsection 355-30 (2) of the ITAA 1997;
(d) a detailed description of the activities for which the entity is applying for an advance finding, and a detailed description of the new knowledge that the activities are intended to generate;
(e) the total actual and reasonably anticipated expenditure by the entity on each activity for which the entity is applying for an advance finding;
(f) for each activity that, in the applicant's opinion, is a supporting R&D activity in relation to specified core R&D activities that are not registered -- the total actual and reasonably anticipated expenditure by the entity on the unregistered core R&D activities.