January, 2020

Senate Set To Consider Latest R&D Tax Reform Bill

January 29th, 2020

Federal parliament is scheduled to resume for the year next week. InnovationAus reported today that a “showdown” is looming on the proposed reforms to the R&D Tax Legislation. The Government had previously sought to pass R&D Tax reforms announced in the 2018 federal budget, however these were not enacted as law following concerns raised by the Senate Economics Committee, largely due to complexity of the proposed intensity threshold. The Government has reintroduced a slightly modified R&D reform bill in December […]

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Argent Minerals – Market Update On AusIndustry Findings

January 28th, 2020

Argent Minerals Ltd, a base metal explorer announced to the market in January 2019 that AusIndustry had issued a finding that the company’s Registered Activities for FY16 and FY17 were not eligible R&D Activities, with a liability of approximately $1.4M in dispute. Argent Minerals indicated within this January announcement that they remained of the view that the Registered Activities were indeed eligible R&D Activities, and that the company would exercise its right to have an independent internal review of the […]

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CSL Moves Up International Biotech Market Capitalisation Rankings Driven By R&D Investment

January 20th, 2020

A report in the Australian Financial Review has highlighted the remarkable performance of CSL over recent years, largely due to the company’s investment in R&D Activity. The report has highlighted: CSL’s share price has increased more than 50% during 2019, which is rare for a company of such size and maturity; If CSL maintains their current trajectory, it may shortly overtake Commonwealth Bank of Australia as the 2nd most valuable stock on the ASX by market capitalisation; CSL is now […]

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Fintech Australia Uses Fintech And Regtech Senate Inquiry To Highlight Importance Of The R&D Tax Incentive

January 14th, 2020

In December 2019, Fintech Australia released its response to the Financial Technology and Regulatory Technology Senate inquiry.  Their committee voiced concerns regarding the Government’s plan to cut $1.35B from the R&D Tax Incentive and stated that the current definition of “experiments” was impeding innovation by preventing software companies from claiming the tax offset. The submission pointed out that the R&D Tax Incentive is the primary channel used to promote local innovation, with 64% of fintechs having applied for the scheme. […]

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