Industry Specific Issues

DuluxGroup Takeover Shows Impact R&D Investment Can Have On Company Value

April 23rd, 2019

It has recently been announced that DuluxGroup’s board has accepted an offer to be taken over for $3.8 billion by Japan-based Nippon Paint Holdings; DuluxGroup has been one of Australia’s largest investors in corporate R&D, and has been a strong advocate for maintaining stability of the Australian R&D Tax Incentive. DuluxGroup were also actively involved in: The recent senate economics committee hearings into the proposed changes to the R&D Tax Incentive, which were recommended to be deferred following the committee’s review; The […]

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Global Veterinary Surgical Instrument Projected Growth due to R&D Incentives

April 8th, 2019

A study involving some of the biggest veterinary surgical instruments manufacturers predicts a growth of approximately 6.5% during the forecast period 2018- 2023.   The growth is as a result of the rise in R&D expenditure, product innovation and demands in pet care on a global scale as the market is increasing going more competitive. Per a geological analysis, North America is expected to be on the forefront of this market followed by Europe. Asia- pacific will be expected to […]

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AIIA Says R&D Tax Incentive Is Crucial For Australian AI Development

March 29th, 2019

The Australian Information Industry Association (AIIA) has stated that government, industry and researchers must work together to ensure solutions are developed for potential opportunities and issues posed by artificial intelligence (AI) products and services. Chief Executive Ron Gauci said that a focus on skills development and an effective R&D Tax Incentive programme would encourage a more favourable business environment for innovation, commercialisation and export of Australian AI products. He said that without strong government support, Australia will struggle to compete […]

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CBA Settlement of Disputed Claims for Software R&D Activities

March 18th, 2019

CBA have announced to the ASX on 18 March that they have entered into a settlement in respect of a tax dispute regarding the eligibility of claims for software development R&D activities. Below is an extract from the ASX announcement: Commonwealth Bank of Australia has agreed to withdraw from all current proceedings with the ATO and Innovation and Science Australia (ISA) before the AAT in respect of the eligibility of R&D claims that were made for the years ended 30 […]

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