Swanson Reed News

JLSP and Innovation Australia [2016] AATA 23

January 27th, 2016

In the case of JLSP v Innovation Australia [2016] AATA 23 the Administrative Appeals Tribunal (AAT) considered whether particular activities conducted by the applicant are “core R&D activities” within s 355-25(1) of the Income Tax Assessment Act 1997 (the ITAA 1997). Specifically, the matter sought to assess whether a clinical trial carried out in accordance with a contractual agreement was conducted for the purpose of generating new knowledge. Background The applicant company is an Australian-based entity in an international corporate […]

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Research Contributes to a Quarter of Australia’s Economic Output

January 25th, 2016

From the cochlear implant, otherwise known as the bionic ear, to the medical application of penicillin, Australia actually has a rich history in science research and development (R&D). In fact, a new report by the Australian Academy of Science reveals that over the past twenty to thirty years, scientific advances have contributed to an estimated $330 billion of Australia’s economic growth. As the report reveals, this figure represents about a quarter of the national economy. Furthermore, the report found the […]

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5 Tips for Cultivating an Innovative Workplace

January 22nd, 2016

Certainly, the Australian government has been keen on innovation, as embodied in its announcement of its National Innovation and Science Agenda in December. However, is our workforce ready for an innovation overhaul as we embark on the ‘ideas boom’ in 2016? According to Randstad’s World of Work Report, based on 14,000 employees and employers from across Asia-Pacific, the biggest issue for the region’s businesses was the lack of talent that was required to expedite the innovation process.  In fact, nearly a […]

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Missed Tax Savings by The Mining Sector…

January 21st, 2016

Certainly, Australia’s colonial and federal history, its geographical isolation, huge landmass and small population have profoundly influenced the country’s industries, technologies and research institutions. This resource-rich history lead to what is more commonly known as the ‘mining boom’. In light of this, Australian industrial research and development (R&D) in the second half of the nineteenth and early twentieth centuries was largely focused on the agriculture and mining industries. Whilst industry in Australia is historically a ‘user’ rather than a ‘creator’ of technology, […]

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Bryce Steele
Principal, Melbourne
Tel: (03) 9018 5778
Mob: 0401 997 584
Tom Parkhouse
Principal, Sydney
Tel: (02) 8006 0559
Mob: 0411 718 565
Andy Nguyen
Principal, Brisbane
Tel: (07) 3221 1499
Mob: 0407 750 249
Sophie Mercer
Principal, Adelaide
Tel: (08) 8121 7850
Mob: 0435 713 493
David Greatwich
Principal, Perth
Tel: (08) 9340 3745
Mob: 0468 386 250
Myriam Risch
Manager, Hobart
Tel: (03) 9018 5778
Mob: 0401 262 591

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