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AusIndustry Guidance and Materials

AusIndustry Conducting Briefing Session to Provide an Overview of the Refreshed Software Guidance

May 9th, 2022

In April 2022, AusIndustry released a new guidance document titled “Software-related activities and the Research and Development (R&D) Tax Incentive“. Whilst nothing in the new guidance is particularly surprising, there are some new principles which do not seem to have been explored in other guidance documents published in recent years. AusIndustry have planned briefing sessions on this guidance during May which will focus on: the design process to ensure industry relevance; the main changes from previous guidance, including changes to […]

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Statutory Deadline for FY21 R&D Claims is This Week

April 26th, 2022

Companies seeking to register R&D activities conducted during the Year Ended 30 June 2021 (companies that have a standard YE for tax) who are yet to do so should note that the registration deadline is 10 months after YE, being 30 APRIL 2022. The blanket and automatic extensions granted during the COVID-19 pandemic do not apply any longer or for FY21 claims. Many companies in QLD and NSW have recently been impacted by natural disasters, and extensions of time to […]

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Updated Regulations and Principles for the R&D Tax Incentive

April 20th, 2022

Administration of the R&D Tax Incentive is undertaken in accordance with the Industry Research and Development Act 1986. The Australian Government has made new versions of 2 legislative instruments under this Act: Industry Research and Development Regulations Industry Research and Development Decision-making Principles The previous versions of these instruments had sunset clauses that were due to automatically expire this year. The instruments have been remade, and remain broadly the same as was previously in place. The main notable change is […]

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AusIndustry Release New Software Guidance Titled “Software-Related Activities and the Research and Development (R&D) Tax Incentive”

April 13th, 2022

In April 2022, AusIndustry released a new guidance document titled “Software-Related Activities and the Research and Development (R&D) Tax Incentive”. The release of this document follows previous guidance in recent years, along with some controversies for software-development R&D activity that saw: A number of well publicised disputes; Reports of some disputes being settled; Calls by some in the industry for a ‘Software Specific’ R&D Tax Incentive, or a change in the criteria of the current incentive to be easier to […]

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