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Labor Statements on Innovation Policy
April 16th, 2019
Opposition 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 innovative future for Australia. While smaller tech companies and startups will especially welcome the idea of making it easier to claim R&D incentives, Carr said it was vital that the innovation policy looks beyond just this niche to include larger organisations (such as Dulux Group) as a means of generating future jobs in high-skilled industries.
Swanson Reed encourages all sides of politics to commit to preservation of a stable R&D Tax Incentive, and we seek to work alongside the programme administrators to maintain the compliance integrity of the programme.
To find out more about the R&D Tax Incentive and whether your company is eligible, click here
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What Our Clients Say
Huge shoutout to Swanson Reed for being absolute pros at R&D tax advice! They made the whole process super easy and stress-free. The team really took the time to get what we do and helped us get the most out of our claim without any headaches. Everything was explained clearly, and they were always quick to answer any questions we had. Thanks to them, we got a great tax benefit that’s going to help us keep doing cool stuff. If you need help with R&D tax stuff, these are the people to go to. Seriously, they’re awesome!
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Swanson Reed have assisted my clients with R&D claims and acted very professionally and promptly. I will continue to use them as the need arises. If your business needs assistance with any R&D claims contact Swanson Reed and tell them I recommended them.
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We have been working with Swanson Reed for 3 years now in preparing and lodging our company R&D Tax return with 100% success record. The team are very responsive and professional and particularly extremely knowledgeable. We can highly recommend them. Dr Mel Bridges, CEO & Chairman, Aptium.ai Pty Ltd.
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We refer all of our clients to Swanson Reed for their R&D refund work. The process is seamless and well-executed. Damian Smyth and the team are a pleasure to work with. Highly Recommend.
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Swanson Reed have assisted us with our R & D Tax Incentive for many years. They make the process very easy and it gives us peace of mind to know that we are compliant with the ATO. We highly recommend.
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News & Research
News & Research
News & ResearchDue to the timing of the upcoming Federal election, the 2025 Federal budget was held on on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. Going into the budget, it was unexpected that there would be R&D Tax Incentive […]
Treasurer Ed Husic’s Comments on R&D Tax Policy ahead of March 25 Federal Budget
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 […]
