September, 2025

Strategic Examination of Research and Development: Swanson Reed comments on issues paper released on R&D Tax Incentives

September 24th, 2025

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 […]

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Observed increase in compliance activity for R&D Tax Incentive Claims

September 8th, 2025

As indicated by the additional funding for compliance activities announced in recent federal budgets (and as widely anticipated by those in the industry), we have recently observed a modest increase in compliance activity by regulators of the R&D Tax Incentive.   The R&D Tax Incentive is dual administered by two government agencies: 1: The Department of Industry, Science, Energy and Resources (DISER) o   Whose role is to assess the eligibility of registered R&D Activities under the legislative criteria; and 2: The […]

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DroneShield Ltd has used Australia’s refundable R&D Tax Offset to become Australian Success Story

September 3rd, 2025

One of the best performing stocks on the ASX over the past few years has been Sydney based DroneShield Ltd which has seen the stock price rise from approximately $0.20 in September 2022 to $3.20 in September 2025. DroneShield Ltd has become a world-leading Australian developer of AI-powered counter-drone and electronic warfare solutions, and has recently announced a number of substantial contracts with international governments amid an environment of increased government expenditure on defence. In addition to its warfare solutions, […]

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