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Treasurer Ed Husic’s Comments on R&D Tax Policy ahead of March 25 Federal Budget

March 18th, 2025

Due to the timing of the upcoming Federal election, the 2025 Federal budget will be held on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. It is probably unexpected that there will be any R&D Tax Incentive changes announced in the March 25 Federal budget given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after […]

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Swanson Reed’s Online R&D Tax Workshop – Updated March 2025

March 14th, 2025

Swanson Reed has recently compiled a series of training videos providing updated material on the R&D Tax Incentive. Benefits available to companies under the R&D Tax Incentive are substantial; however, companies must suitably self-assess and record their activities to meet specific requirements on eligibility and documentation. The videos in our series compiled in March 2025 include topics that explain key decisions or guidance published by ATO and AusIndustry. In some cases they also cover decisions handed down by courts and tribunals on R&D Tax […]

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Statutory Deadline for FY24 R&D Claims is next month

March 3rd, 2025

Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2024 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and 30 APRIL 2025. The blanket and automatic extensions granted during COVID do NOT apply any longer or for FY24 claims. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent changes […]

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New Administrative Review Tribunal Case Activities NOT Eligible under the R&D Tax Incentive

February 18th, 2025

A recent Decision dated 30 January 2025, Body by Michael Pty Ltd and Industry Innovation and Science Australia (Taxation and business), has found a company’s registered activities were not eligible under the R&D Tax Incentive. This is the first matter handed down by the new Administrative Review Tribunal of Australia (with previous cases at this level of court handled by the old Administrative Appeals Tribunal). The project under review in the case was entitled “BBM stress release system (new innovated services).”, and specifically […]

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