27MVarying registrations on application

#### 27M Varying registrations on application (1) The Board may, by notice in writing given to an R&D entity, vary the entity’s registration under section 27A for an income year if: (a) the entity applies for the variation; and (b) the variation is consistent with the Board’s findings (if any) in force under this Part in relation to the R&D entity; and (c) making the variation is justified in accordance with the decision‑making principles. > Note 1: A decision not to vary is reviewable (see Division 5). > Note 2: Section 32A deals with the decision‑making principles. (2) An application for a variation must be: (a) in the approved form; and (b) accompanied by the fee (if any) specified in regulations made under section 48A for the purposes of this section. > Note: Section 32 deals with approved forms. (3) Section 27E applies to an application under this section in a way corresponding to the way that section applies to an application under section 27D. > Note: This means the Board may request further information about the application for variation. (4) For the purposes of this Act and the Income Tax Assessment Act 1997, the effect of a variation is that the entity’s registration under section 27A for the income year is taken always to have existed as varied.