28Simplified outline

#### 28 Simplified outline The following is a simplified outline of this Division: • An R&D entity can seek a finding (an advance finding) about whether an activity is an R&D activity. • An advance finding binds the Commissioner for the purpose of working out tax offsets (R&D tax offsets) under Division 355 of the Income Tax Assessment Act 1997. • An R&D entity can seek a finding that an activity cannot be conducted in Australia. • An R&D tax offset will only be available for expenditure incurred on an activity conducted outside Australia if a finding that the activity cannot be conducted in Australia has come into force. • The Board may also make a finding about whether particular technology is core technology for R&D activities. • An effect of a finding that the technology is core technology for the R&D activities is that an R&D tax offset will not be available for expenditure incurred in acquiring, or in acquiring the right to use, the technology for the R&D activities.