1515.This section is based on section 139(1)(a) of CAA 1990.
1516.Subsection (1) provides that qualifying expenditure on R&D is needed before allowances can be made.
1517.Subsection (2) gives the extended meaning of “research and development” in this Part to include oil and gas exploration and appraisal.
Commentary on Sections Glossary History Section 437: Research and development allowances