AusIndustry’s original Guide to Interpretation was published in January 2016, and has been considered the primary document for detailing how AusIndustry interprets key elements of the definition of ‘R&D activities’ as defined in the legislation.
Material from the Guide to Interpretation was often referred to by AusIndustry during compliance processes, and it detailed AusIndustry’s position on complex issues, such as:
As part of the new R&D Tax Incentive programme Integrity Framework announced by AusIndustry in late 2019, it was noted that the department would re-develop R&D Tax Incentive program guidance with the objective of better assisting businesses to help them get their Incentive registrations right.
AusIndustry have recently published drafts of the refreshed Guide to Interpretation document, and invited feedback via an online consultation hub.
AusIndustry should be commended for offering Stakeholders the opportunity to view and provide feedback on the cornerstone guidance publication.