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Reports of Government Considering Tax Incentives for Commercialisation of IP
June 18th, 2019The 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 offered to companies in the UK whereby companies receive a lower tax rate on profits from intellectual property. Comments from technology sector industry leaders seemed to welcome the development around IP incentives, however, have noted that any introduction of an […]
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 […]
AFR Publishes Statistics on Repayment of R&D Claims Found Ineligible
May 28th, 2019AFR has published data it has attained via freedom of information laws with respect to the repayment of R&D Claims found to be ineligible upon audit. These documents reportedly showed $500 million was reclaimed in R&D incentive compliance cases across three years; $200 million in FY18, $115 million in FY17 and $185 million in FY16. These documents also reported that 0.6 of 12,123 incentive claims made by Australian organisations in FY16 were subject to a compliance review, whereas this significantly […]
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 […]
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News & Research
News & ResearchReports 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 […]
Success of Australian Software Companies Linked to Investment in R&D
A 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 […]
