February, 2026

Large ASX listed Agribusiness provides update on R&D Tax Dispute

February 24th, 2026

In its interim financial report released in February 2026, Inghams Group Limited (ASX: ING) provided an update on an R&D Tax matter. This matter was previously reported in the media last year. The February 2026 ASX release notes: Inghams has been undergoing an audit by the Australian Taxation Office (‘ATO’). The ATO has asserted that Inghams’ R&D tax offset claims require adjustment under the Income Tax Assessment Act 1997 for each of the income years 2019, 2020 and 2021 (the […]

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Comments on February 2026 Senate Economics Legislation Committee discussion on R&D Tax Incentive

February 13th, 2026

As reported in the media this week, the Senate Economics Legislation Committee discussed the administration of the R&D Tax Incentive. Swanson Reed has reviewed the discussion in detail. It involved interactions between three people, whose comments are summarised and paraphrased below: Greens Senator Barbara Pocock: Had queries around how many reviews are conducted each year; Queried whether staff conducting reviews include personnel with Science and Engineering qualifications; Asked for details of fines or penalties for incorrect claims, and indicated concerns that possible penalties […]

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Consultation on exposure draft for exclusion of gambling and tobacco companies under the R&D Tax Incentive

February 9th, 2026

The December 2024 Mid‑Year Economic and Fiscal Outlook (MYEFO) was released by the Government on 18 December 2024 and announced that The Government will exclude activities related to gambling and tobacco from Research and Development Tax Incentive eligibility for income years starting on or after 1 July 2025. The Government then released an exposure draft in December 2025, releasing Treasury Laws Amendment Bill 2025: Exclusion of tobacco and gambling related activities from the Research and Development Tax Incentive which is the legislative instrument that would […]

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DISR update notes applications lodged well before deadline subject to faster processing (take action now for FY25 deadline)

February 2nd, 2026

The deadline for FY25 R&D Claims (for the YE 30 June 2025) is fast approaching.  ⠀ Similar to last year, in an update published in late January, The  Department of Industry, Science and Resources (DISR) have confirmed that leaving lodgement until close to the deadline will understandably lead to longer processing times for R&D Registrations:  ⠀ The January 2026 update notes: ‘We recommend lodging your application for the 2024-25 financial year now, instead of waiting until the end of April.The time […]

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