In the May 2024 federal budget, The Albanese Government announced a strategic examination and review of Australia’s Research and Development (R&D) system to align it with national priorities and to improve outcomes. In late 2024, then Industry Minister Ed Husic announced specific details to launch the review. It was noted that the review will assess how to maximise the value of R&D investments, strengthen industry linkages, and support national priorities, and that the review will examine existing systems, such as […]
In June 2025, The Australian posted an article about a private group alleged to have operated a ‘false mining operation’ that led to the generation of substantial refunds for GST and Refundable R&D Tax Offset credits. The Australian has this week has posted an update on proceedings that: Lawyers appearing for the ATO told the Federal Court recently that letters have been issued to the company taxpayers notifying them that winding up steps are being taken against them; The ATO have alleged there […]
In a recent update, The Department of Industry, Science and Resources (DISR)’s Insider email has noted that: From 1 July 2025, the Department of Industry, Science and Resources (DISR) will be streamlining some of our processes to remove duplication and unnecessary steps that can cause confusion and contribute to delays in finalising program decisions with you. Recent feedback from you as well as decisions from the Administrative Review Tribunal have highlighted that some of our processes can be confusing. Much of this […]
Businesses are increasingly leveraging Artificial Intelligence (AI) to streamline various tasks in a bid to achieve significant time savings and efficiency gains. However, when using AI to assist in the drafting of documents that present legal obligations (such as an R&D Application), care should be taken to ensure the information disclosed is correct. In recent months, we have observed a growing trend of companies using AI to assist with the collation of the initial draft content for their Research and […]