InnovationAus this week has reported on concerns raised by advocacy group Fintech Australia in respect of the application of the R&D Tax Incentive to software activity.

The concerns were raised in the group’s submission to the Select Committee on Australia as a Technology and Financial Centre, and a summary of points raised include:

Swanson Reed appreciates the advocacy of Fintech Australia in respect of tech firms and the R&D Tax Incentive, however, we note that: