AusIndustry Issues Details of Revised Integrity Management Approach

December 20th, 2019

AusIndustry have circulated a link to an update on their website in respect of a revised integrity management approach, which is detailed here.

This update has come following the release of an Australian Small Business and Family Enterprise Ombudsman (ASBFEO) report on the administration of the R&D Tax Incentive, which was critical of some aspects of the processes for compliance reviews.

Key highlights from AusIndustry’s update include the following:

  • A stated commitment to two way engagement and transparent decision making;
  • A framework determining a registrant’s “journey” by taking into account integrity risk and behavioural factors. This classifies an applicant based on whether they are deemed to be:
  1. “Getting it right;
  2. Trying to get it right;
  3. High risk and not compliant.”
  • Guidance material noting that AusIndustry is focussed on assisting businesses that are registering for the program for the first-time, to help them navigate the system and understand the program’s requirements.

The framework also rightly points out that Registration does not mean eligibility, and that in the event of a review, AusIndustry would seek to work with a company, through a fair, easily understood and transparent process.

Swanson Reed commends AusIndustry on the new guidance material. We also recognise the important role the department plays in upholding the integrity of the R&D Tax Incentive, and encourages all participants of the programme to review the R&D Tax Incentive guidance material published.

Source: AusIndustry

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