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May, 2025

Deadline Approaching for Lodgement of Overseas Findings for R&D Activity First Conducted in FY25

May 27th, 2025

Companies seeking to claim expenditure for overseas activity incurred by an Australian company under the R&D Tax Incentive must apply separately to claim these costs by first lodging an Overseas Finding Application with AusIndustry. In addition to general eligibility criteria, there are specific and extensive rules to determine whether expenditure on overseas activities is eligible under the R&D Tax Incentive. Generally, expenditure incurred by Australian companies on R&D activities conducted overseas can only be eligible for the R&D Tax Incentive where: The […]

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AiGroup Warns of Manufacturing Recession as New Industry Minister Tim Ayres Commences

May 20th, 2025

A recent article on InnovationAus.com has covered Australian Industry Group’s (AiGroup) latest Key Industry Indicators numbers, showing that the economy slowed across 2024, and is now in the longest period of low growth since the 1991 recession. AiGroup’s Key Industry Indicators data reveals that the broader economy has seen its longest period of slow growth since the 1991 recession, but manufacturing has been hit hardest, entering a recession, with output contracting at a 1.7% per annum rate in the second […]

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Ed Husic not to continue as Industry Minister

May 12th, 2025

News has emerged that former Industry and Science minister Ed Husic has been dropped from the new federal government’s cabinet. Ed Husic served as Minister for Industry and Science for all of the Albanese government’s first term (since June 2022) and also served as Shadow Minister prior to the 2022 election. Ed Husic has always been well respected by the technology sector and industry in general and has been a strong advocate of it. He has been instrumental in recognising […]

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Implications of May 2025 Federal Election Result on Business R&D and Innovation Policy Settings

May 6th, 2025

Business R&D and Innovation Policy settings were not focal point of the recent federal election, which was fought primarily on cost of living. The unsuccessful Opposition Coalition had announced in the lead up to the election that their policies included: Savings by: Scrapping the Future Made in Australia (FMiA) agenda, including tax credits for green hydrogen and critical minerals processing; Winding back the National Reconstruction Fund; Unwinding the expansion of the Australian Renewable Energy Agency that supports pre-commercial innovation in […]

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