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February, 2025

New Administrative Review Tribunal Case Activities NOT Eligible under the R&D Tax Incentive

February 18th, 2025

A recent Decision dated 30 January 2025, Body by Michael Pty Ltd and Industry Innovation and Science Australia (Taxation and business), has found a company’s registered activities were not eligible under the R&D Tax Incentive. This is the first matter handed down by the new Administrative Review Tribunal of Australia (with previous cases at this level of court handled by the old Administrative Appeals Tribunal). The project under review in the case was entitled “BBM stress release system (new innovated services).”, and specifically […]

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Discussion Paper Released for Strategic Examination and Review of Australia’s R&D System

February 12th, 2025

In the May 2024 federal budget, The Albanese Government announced a strategic examination and review of Australia’s R&D system to align it with national priorities and improve outcomes. In late 2024, Industry Minister Ed Husic then 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 the Research and Development Tax Incentive […]

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AusIndustry update confirms applications lodged well before deadline are subject to faster processing (take action now for FY24 deadline)

February 7th, 2025

The deadline for FY24 R&D Claims (for the YE 30 June 2024) is fast approaching. In an update published in late January, AusIndustry have confirmed that leaving lodgement until close to the deadline will understandably lead to longer processing times for R&D Registrations. The update notes: We recommended lodging your application for the 2023-24 financial year now, instead of waiting until the end of April. The time of year you submit your application can impact the time it takes for […]

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