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R&D Intensity Requirement May Unfairly Penalise Certain Industries
May 22nd, 2018Sixty million people are fed by Australian farming exports. With an ever-increasing global population, innovation in agriculture is essential to a sustainable future. However, the changes to the R&D tax incentive announced in the 2018 Federal Budget may be disadvantageous for industries like agribusiness. Up to 12,000 Australian companies could be affected by the R&D intensity change, which proposes that companies spend at least one percent of total business expenditure on R&D to qualify for the non-refundable tax offset. The […]
R&D Tax Incentive changes announced in 2018-19 Budget
May 9th, 2018In response to the recommendations in the ‘2016 Review of the R&D Tax incentive’ the government has announced proposed changes to the R&D Tax Incentive within the 2018-19 Federal Budget released yesterday, 8 May 2018. The changes take on board some recommendations from ISA’s previous review of the programme, along with some of the government’s own savings and integrity measures. The R&D Tax Offset rate will change, commencing for years on or after 1 July 2018. For companies claiming the refundable […]
Global Wave and Tidal Energy Market Set to Boom
March 16th, 2018In 2016, investment in renewables were double that of fossil fuels. With a focus on clean energy sources being developed as an alternative to fossil fuels, the global wave and tidal energy market is set to be worth $3.9 billion by 2025, up from $212.7 million in 2016. With water covering over 70 percent of the earth’s surface, improving wave and tidal energy makes a lot sense, especially as they are more reliable than solar and wind power, which are intermittent throughout […]
Government To Commit $2.6 Million Towards 3D-Printed Explosives
March 6th, 2018New ways to implement 3D printing are constantly being developed. Recently, the Australian Government announced that it would contribute $2.6 million towards 3D-printed explosives research over the next two years as part of the Co-operative Research Centre Program. The Defence Science and Technology (DST) Group will partner with defence research company DefendTex, RMIT, Flinders University and the UK’s Cranfield University to develop the 3D-printed explosives. DST is Australia’s leading authority on energetics materials. These materials contain high concentrations of stored chemical […]
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News & Research
News & ResearchR&D Intensity Requirement May Unfairly Penalise Certain Industries
Sixty million people are fed by Australian farming exports. With an ever-increasing global population, innovation in agriculture is essential to a sustainable future. However, the changes to the R&D tax incentive announced in the 2018 Federal Budget may be disadvantageous […]
$41 million federal funding allocated to Australian National Space Agency
Despite a tip being released that the Australian National Space Agency could receive up $50 million in federal funding, the final announcement of $41 million remained to be a pleasing outcome for all in the industry. The space industry and […]
