This historical treatment was altered by the introduction of the Temporary Full Expensing (TFE) provisions in Subdivision 40-BB of the Income Tax Assessment Act 1997:
There is not yet detailed ATO guidance or rulings on the issue of claiming a notional deduction for TFE of R&D assets. Companies seeking to utilise the TFE provisions should consider the following (in addition to the general requirements access to TFE of assets):