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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 Announcement on R&D Tax Policy
May 9th, 2019During this week’s election campaign announcements, Labor party industry spokesmen Kim Carr has outlined the following in discussions with the AFR and Innovationaus.com: Labor want to increase Australia’s Business Expenditure on R&D to 3% of GDP by 2030. As part of this, they would seek to double the number of companies registered for the R&D Tax Incentive; Labour would offer a “collaboration premium” that would add 10% to the value of a company’s R&D Offset for certain qualifying expenditure such […]
Further Statement from Opposition on R&D Tax Policy
April 26th, 2019Opposition spokesman on innovation policy, Ed Husic has recently discussed R&D Tax Incentive during an interview by InnovationAus.com. Mr Husic’s comments come after the cost of the R&D Tax Incentive programme was reduced in the forward estimates published in the recent federal budget. Husic stated that “Labor absolutely and fundamentally recognises the powerful place occupied by the RDTI in the minds of the Australian startup community, and we do not want to make changes that affect the startup community’s ability to […]
DuluxGroup Takeover Shows Impact R&D Investment Can Have On Company Value
April 23rd, 2019It has recently been announced that DuluxGroup’s board has accepted an offer to be taken over for $3.8 billion by Japan-based Nippon Paint Holdings; DuluxGroup has been one of Australia’s largest investors in corporate R&D, and has been a strong advocate for maintaining stability of the Australian R&D Tax Incentive. DuluxGroup were also actively involved in: The recent senate economics committee hearings into the proposed changes to the R&D Tax Incentive, which were recommended to be deferred following the committee’s review; The […]
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News & Research
News & Research
News & ResearchInnovationAus Reports Proposed Changes to the R&D Tax Incentive are Now Unlikely to Pass
InnovationAus has reported this week that proposed changes to the R&D tax incentive are now unlikely to pass as legislation this year: A reform bill proposing controversial changes to the R&D Tax Incentive for FY20 was being considered by the Senate prior to the onset […]
COVID-19 and the R&D Tax Registration Deadline for YE 30 June 2019 (AusIndustry Announcement)
Our thoughts are with all who are directly impacted by the Coronavirus crisis, and we remain optimistic that the resolve of Australians will prevail. Swanson Reed has taken measures to protect our staff and clients, and will be fully functional […]
