Mining and Oil and Gas

Northern Minerals Announce That AusIndustry Have Set Aside Previous Finding That R&D Activities Were Not Eligible

February 25th, 2020

In May 2019, Northern Minerals (ASX: NTU) announced that the company had received notice of a finding that AusIndustry had deemed that the activities registered in the FY17 and FY18 periods related to activities that were “ineligible R&D activities”, which would not be eligible for the R&D tax offset in those income years. In June 2019, Northern Minerals subsequently announced that the company would exercise its review rights in relation to AusIndustry’s decision that the Company’s FY17 and FY18 R&D […]

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Strike Energy Ltd Provides Update On R&D Tax Dispute Currently In AAT

February 17th, 2020

Strike Energy Ltd previously reported to the ASX that R&D activities the company had registered had been found by AusIndustry to not be eligible under the legislative criteria. The matter is currently before the Administrative Appeals Tribunal (AAT) and within Strike Energy’s half year report published to the ASX, the company provided the following update: Innovation and Science Australia (ISA) carried out an internal review of Strike’s FY16 registration and FY18 R&D preregistration under the Industry Research and Development Act […]

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Argent Minerals – Market Update On AusIndustry Findings

January 28th, 2020

Argent Minerals Ltd, a base metal explorer announced to the market in January 2019 that AusIndustry had issued a finding that the company’s Registered Activities for FY16 and FY17 were not eligible R&D Activities, with a liability of approximately $1.4M in dispute. Argent Minerals indicated within this January announcement that they remained of the view that the Registered Activities were indeed eligible R&D Activities, and that the company would exercise its right to have an independent internal review of the […]

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Moreton Resources Limited v Innovation and Science Australia [2019] FCAFC

July 25th, 2019

This matter has been appealed to the Federal Court. Introduction: A recent decision has been handed down by the Full Federal Court in the case Moreton Resources Limited v Innovation and Science Australia [2019] FCAFC 120. The decision is still subject to appeal however shows clarification in disputes with existing R&D technology at new sites. Background: A previous AAT decision in September 2018 had determined that R&D Activities registered by Moreton Resources Limited were not R&D Activities in accordance with […]

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