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R&D Tax Credit
Success of Australian Software Companies Linked to Investment in R&D
June 10th, 2019A recent article published by AFR weekend has highlighted how investment in R&D has played a crucial role in the success of two growing local companies: Atlassian and Xero. Despite significantly growing revenues, both Atlassian and Xero have maintained a significant investment in R&D and product developments (figures quoted in the AFR article are R&D Spending of 36% and 31% of revenue respectively). Both companies have enjoyed continued success and significant rises in the value of their shares over recent […]
REAL ENERGY CORPORATION – R&D Activities Found to be Ineligible Following AusIndustry Review
May 27th, 2019Real Energy Corporation Limited (ASX : RLE) have announced to the ASX that the company has received notice that AusIndustry has found the company’s R&D Activities for the FY14, FY15 and FY16 years to be ineligible. During the period of the last three years, Real Energy Corporation Limited has been paid around $7.2 million in R&D Incentives and potentially unpaid R&D claims of around $6.5 million. The R&D activities related to development of gas extraction processes and in the […]
Northern Minerals Limited R&D Claim Update
May 20th, 2019Northern Minerals Limited (ASX: NTU) have reported to the ASX that they have received notices that the company’s registrations for its research and development tax offset claims submitted for FY17 and FY18 have been considered ineligible by Ausindustry. Irrespective of whether NTU will exercise its review rights under the IR&D Act, Northern Minerals Limited will be required to repay the ATO the R&D offsets paid up to date. Northern Minerals Limited have previously reported receipt of R&D Tax Offsets […]
Labor Statements on Innovation Policy
April 16th, 2019Opposition Innovation, Industry and Science Spokesman Senator Kim Carr has been quoted in the AFR today with respect to Labor’s innovation policy during the federal election campaign. Carr Indicated that if Labor were to win the election, he would work with AusIndustry, the ATO and Treasury with respect to reviewing the processes for compliance assessments of R&D claims. Carr indicated that striking a balance between programme integrity and ensuring that claimants aren’t treated unjustly is important to ensuring the best […]
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News & Research
News & Research
News & ResearchIndustry Leaders Call for Stability to R&D Tax Incentive as a Top Priority
Following on from Prime Minister Scott Morrison’s calls for business to identify regulatory road blocks to investment, Industry Leaders have named proposed cuts to the R&D Tax Incentive as their key concern. An AFR article published today has reported that […]
Reports of Government Considering Tax Incentives for Commercialisation of IP
The AFR has reported in articles this week that the government may consider incentives for the commercialisation of IP. This follows comments by Treasurer Josh Frydenberg who mentioned he would take a “close look” at the patent box tax incentive […]
