As indicated by the additional funding for compliance activities announced in recent federal budgets (and as widely anticipated by those in the industry), we have recently observed a modest increase in compliance activity by regulators of the R&D Tax Incentive. The R&D Tax Incentive is dual administered by two government agencies: 1: The Department of Industry, Science, Energy and Resources (DISER) o Whose role is to assess the eligibility of registered R&D Activities under the legislative criteria; and 2: The […]
In June 2025, The Australian posted an article about a private group alleged to have operated a ‘false mining operation’ that led to the generation of substantial refunds for GST and Refundable R&D Tax Offset credits. The Australian has this week has posted an update on proceedings that: Lawyers appearing for the ATO told the Federal Court recently that letters have been issued to the company taxpayers notifying them that winding up steps are being taken against them; The ATO have alleged there […]
Change in the R&D Tax Incentive prompts companies seeking to register activites to complete an annual R&D Tax Incentive registration form via the R&D Tax Incentive customer portal. On 15 August 2025, an updated version of the R&D Tax Incentive registration form was released. The new form was redesigned to: better sequence and align information fields within the form with the legislative requirements in the legislation; increase character count limits to allow the provision of additional information for key fields. […]
The AFR and Tax Practitioners Board (TPB) has reported this week on the termination of tax agent registration of an advisor who formerly worked at a large firm. The advisor was found by the TPB to have breached multiple obligations under the Tax Agent Services Act 2009 and the Code of Professional Conduct. The TPB imposed a 4-year ban prohibiting re-applying for the terminated registration. The TPB media release notes: The terminated advisor made false or misleading statements in applications […]