5AEligible research and development expenditure

5A Eligible research and development expenditure

(1) For the purposes of this Act, eligible research and development expenditure is expenditure incurred by a shipbuilder in respect of eligible research and development activities (see section 5B). (2) The expenditure must be incurred during the period commencing on 1 July 1999 and ending on 30 June 2004. (3) If a shipbuilder incurs expenditure in respect of eligible research and development activities that are carried on by the shipbuilder on behalf of another person, the expenditure is not eligible research and development expenditure of the shipbuilder carrying on the activities.