27Simplified outline

#### 27 Simplified outline The following is a simplified outline of this Division: • The Board may register an R&D entity for R&D activities conducted during an income year. • The Board may make findings about the nature of an R&D entity’s activities both before and after registration. This includes findings made on application by the R&D entity after registration. • These findings bind the Commissioner for the purposes of any entitlement of the R&D entity to a tax offset under Division 355 of the Income Tax Assessment Act 1997 for the activities. • The Board will register an R&D entity’s activities consistently with any findings made about the entity’s application. Any findings made about these activities after registration will, if necessary, automatically vary the entity’s registration. • Registrations can also be varied and revoked.