Variation to section 68CB(2) of the Tax Administration Act 1994
This variation provides extra time to file for a person with a June balance date who is seeking the Commissioner’s approval of their research and development activities by filing a general approval application for the 2021-2022 income year under s 68CB of the Tax Administration Act 1994.
The variation recognises that the impact of COVID-19 means the planning or conduct of research and development or the ability to obtain information, seek advice and formulate an application or complete a return, for some customers has been materially delayed.
Tax Administration Act 1994: ss 6H and 6I, s 68CB(2)