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StartupAus Continues R&D Tax Incentive Advocacy Ahead of Delayed Federal Budget

September 28th, 2020

The federal budget, traditionally in May each year was deferred by the government until 6 October 2020 due to COVID. In comments to Smartcompany.com.au, this week, StartupAus chief Alex McCauley has continued his strong advocacy for the R&D Tax Incentive. Key highlights of Alex’s position include: This year’s budget can be somewhat be considered as two budgets together, in a seven month period; the R&D Tax Incentive is the “number one priority” for this year’s budget; whatever the merits were of amending the […]

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Northern Minerals Ltd Receives Balance of Previously Disputed R&D Tax Offset

September 21st, 2020

Northern Minerals Ltd had previously reported in May 2019 a significant liability in respect of R&D Tax Incentive claims for expenditure developing its Rare Earth processing capability. It was subsequently reported in August 2020 that the company had settled the dispute with the ATO relating to claims in the FY17 and FY18 periods, along with an agreed framework for claims in the FY19 and FY20 periods. The settlement reduced the original refundable R&D Offsets for FY17 and FY18 periods by […]

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New Opposition Party statements on R&D Tax Policy

September 14th, 2020

Labor Innovation Spokesperson Clare O’Neil has this week spoken to InnovationAus about the Opposition’s R&D Tax Incentive Policies. The article focused particularly on the Governments’ proposed reforms to the R&D Tax Incentive, which have been widely condemned by Industry Groups and are subject to a Senate Economics Committee review. Highlights from Clare O’Neil’s interview included: “The government’s proposal represents very, very significant cuts to the RDTI. That is the very opposite of what you want to do when building for […]

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Catapult Group Leverages R&D Investment to Report Strong Results During COVID Period

September 7th, 2020

Catapult Group International Ltd has been one of the outstanding performers on the ASX over the past QTR, with the value of its shares having increased approximately fourfold from the depths of the COVID-19 Market Lows following the announcements of positive results and trading updates. Media coverage of NFL Training Camps and European football resumptions over recent months has also shown many international players using the wearable technology, quite an achievement for an Australian company. Key highlights from the company’s […]

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