Textile, Clothing and Footwear Investment and Innovation Programs Act 1999
37HProvisions relating to grants in respect of TCF research and development expenditure
Start here
Get a plain-English read of 37H
Turn the raw legal text into a practical explanation grounded in Textile, Clothing and Footwear Investment and Innovation Programs Act 1999.
37H Provisions relating to grants in respect of TCF research and development expenditure
(1) It is a policy objective for the TCF Post‑2005 (SIP) scheme that grants in respect of TCF research and development expenditure are only to be made in respect of expenditure that: (a) under the scheme, is taken to be TCF research and development expenditure; and (b) is incurred by an entity during any of the 2005‑2006 to 2009‑2010 income years of the entity. (2) It is a policy objective for the scheme that: (a) leather/technical textile expenditure is not to be taken, under the scheme, to be expenditure on TCF research and development; and (b) expenditure in obtaining industrial property rights may be taken, under the scheme, to be expenditure on TCF research and development.
Note: For leather/technical textile expenditure, see section 37B.