Clothing and Household Textile (Building Innovative Capability) Amendment scheme 2012 (No. 1)1
Textile, Clothing and Footwear Investment and Innovation Programs Act 1999
I, Greg Combet, Minister for Industry and Innovation, make this scheme under section 37ZM of the Textile, Clothing and Footwear Investment and Innovation Programs Act 1999.
Dated 18 September 2012
Greg Combet
Minister for Industry and Innovation
Contents
                        1      Name of scheme                                                                                2
                        2      Commencement                                                                                  2
                        3      Amendment of Clothing and Household Textile (Building Innovative Capability) scheme 2010   2
                        4      Amendment of Clothing and Household Textile (Building Innovative Capability) scheme 2010   2
Schedule 1                  Amendments taken to have commenced on 8 September 2011          3
Schedule 2                  Amendment taken to have commenced on 1 July 2012                      4
 
 
1              Name of scheme
                This scheme is the Clothing and Household Textile (Building Innovative Capability) Amendment scheme 2012 (No.  1).
2              Commencement
                This scheme is taken to have commenced as follows:
                (a)    on 8 September 2011—sections 1 to 3 and Schedule 1;
               (b)    on 1 July 2012—section 4 and Schedule 2.
3              Amendment of Clothing and Household Textile (Building Innovative Capability) scheme 2010
                Schedule 1 amends the Clothing and Household Textile (Building Innovative Capability) scheme 2010.
4              Amendment of Clothing and Household Textile (Building Innovative Capability) scheme 2010
                Schedule 2 amends the Clothing and Household Textile (Building Innovative Capability) scheme 2010.
Schedule 1        Amendments taken to have commenced on 8 September 2011
(section 3)
  
[1]           Section 1.4, definition of pilot plant
substitute
pilot plant has the meaning given by subsection 73B (1) of the ITAA 1936 as in force immediately before 8 September 2011.
Note   The Tax Laws Amendment (Research and Development) Act 2011 commenced on 8 September 2011. The relevant version of the ITAA 1936 is available on ComLaw: see compilation number C2011C00612.
[2]           Section 1.4, definition of research and development activity, including the note
substitute
research and development activity has the meaning given by subsection 73B (1) of the ITAA 1936 as in force immediately before 8 September 2011.
Note   1 Only certain kinds of expenditure in relation to research and development are eligible clothing and household textile expenditure for the scheme: see section 2.2.
Note   2 The Tax Laws Amendment (Research and Development) Act 2011 commenced on 8 September 2011. The relevant version of the ITAA 1936 is available on ComLaw: see compilation number C2011C00612.
[3]           Section 2.1, note
substitute
Note   Subdivision 20‑A (Insurance, indemnity or other recoupment for deductible expenses) of Chapter 2 of the ITAA 1997 and Subdivision 355-G (Clawback of R&D recoupments) of Chapter 3 of the ITAA 1997 are relevant to an innovation grant.
Schedule 2        Amendment taken to have commenced on 1 July 2012
(section 4)
  
[1]           Paragraph 2.2 (3) (a)
substitute
                (a)    if the activity is Australian-based, the entity carrying out the activity must be a research service provider registered under section 29A of the Industry Research and Development Act 1986; and
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.comlaw.gov.au.