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GHP 104 160 689 Pty Ltd v. Commissioner of Taxation

Summary of 104 160 689 matter Taxation Ruling – TR2013/3 Click Here  Taxation Ruling: TR 2013/3A1 – Addendum Click Here Decision Impact Statement – GHP 104 160 689 Pty Ltd  Click Here The case concerned whether certain expenditure was to be disallowed deductibility at the rate of 125% because it was ‘feedstock expenditure’ within the meaning of the former section 73B(1) of ITAA 1936. GHP 104 160 689 Pty Ltd (‘the applicant’) carried on the business of mining operations which […]

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Accelerating the Commercialisation Process

If you are an entrepreneur, inventor or business owner trying to take your unique intellectual property to market, one of the toughest challenges faced is the commercialisation process. Accelerating Commercialisation is a key offering under the Entrepreneurs’ Infrastructure Programme (EIP) and works through an Expression of Interest (EOI) process. The key objective is to promote business growth and competitiveness through support for business improvement and economic growth. Minister for Industry Mr Macfarlane has commented on the commericialisation process for small […]

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Australian Innovation spending at 30 year low

Investment in research and development by the Australian government has dropped to its lowest level in 30 years according to an analysis of government figures. Accounting for only approximately 2 per cent of government investment, R&D spending has fallen to its lowest GDP share in 25 years. Australia has seen significant growth in research and development expenditure over the years, however despite this increased spending there remains a large gap comparative to expenditure in other international economies. According to the […]

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