26ASimplified outline

#### 26A Simplified outline The following is a simplified outline of this Part: • The Board may, on application by an R&D entity, register the R&D entity for R&D activities. This registration is needed before the R&D entity can be entitled to a tax offset (an R&D tax offset) under Division 355 of the Income Tax Assessment Act 1997 for the R&D activities. • The R&D entity can seek an advance finding to get early notice about whether an activity is considered to be an R&D activity. • The R&D entity can seek a finding that an activity cannot be conducted in Australia. The finding is needed before expenditure incurred on the activity can count towards an R&D tax offset. • The Board may register entities as research service providers capable of providing research services to R&D entities. • Internal and external review can be sought for certain decisions under this Part. • The Board may make general determinations about how it will exercise its powers, and perform its functions and duties, under this Part. The Board must act in accordance with such a determination.