27FExamining a registration

#### 27F Examining a registration (1) The Board may conduct one or more examinations of all or part of an R&D entity’s registration under section 27A for an income year for the purposes of making one or more findings under subsection 27J(1). > Note: A finding under subsection 27J(1) will support the entity’s registration, or cause the variation of that registration. (2) The Board may examine an R&D entity’s registration on its own initiative. (3) The Board must examine an R&D entity’s registration if: (a) requested by the Commissioner; or (b) the R&D entity has applied for one or more findings under subsection 27J(1) about the registration. > Note: A finding under subsection 27J(1) can only bind the Commissioner for the purposes of the R&D entity’s income tax assessment for the income year if the finding is made within 4 years after the end of the income year (see subsection 355‑705(1) of the Income Tax Assessment Act 1997). (4) If the R&D entity applies for a finding under subsection 27J(1) about the registration, the Board must: (a) make one or more findings under subsection 27J(1) about the registration; or (b) if justified in accordance with the decision‑making principles—refuse to make a finding under subsection 27J(1) about the registration. > Note 1: The Board may make a finding that differs from that sought by the R&D entity. > Note 2: A finding, or a refusal to make a finding, is reviewable (see Division 5). > Note 3: Section 32A deals with the decision‑making principles.