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$24 million cash boost for grains industry research and development
May 4th, 2018The State Government has announced a $24 million cash boost for the grains industry research and development (R&D). This significant investment marks an important step in keeping the industry competitive against the rising threat of Black Sea Competition. The $24 million funding contributes to the already $21 million invested into the WA grains research industry for the next four years. This significant investment will give WA’s grain industry the necessary support to becoming more productive and remaining competitive in times […]
Proposed R&D Cap Could Hamper Aussie Innovation
May 4th, 2018With changes to the R&D tax incentive to be announced in next week’s budget, entrepreneurs are hoping that the proposed $2 million cap on annual R&D spend will not go ahead. Treasurer Scott Morrison said the incentive was “Not about writing blank cheques to everyone that has a good idea,” but Aussie startups, who are heavily dependent on the tax credit, believe that the move could curb innovation and have negative long-term effects. Many believe that the proposed changes will penalise […]
NBN secures $3 million R&D partnerships with Universities
May 3rd, 2018National Broadband Network (NBN) has secured multiple significant research and development (R&D) deals with the University of Melbourne (UoM) and the University of Technology Sydney (UTS). The R&D partnerships have a cumulative value of $3 million. NBN’s R&D plans are to develop new technologies that will help enable more effective services for Australian’s on its Network and this new collaboration will greatly support this goal. The collaborations with the selected Universities will enhance the ability to bring new technologies into […]
Proposed Changes To R&D Tax Incentive May Render Many Companies Ineligible
April 16th, 2018In early April, Treasurer Scott Morrison confirmed an overhaul of the R&D Tax Incentive in the May federal budget. He stated that the government was closely examining recommendations from the Australia 2030: Prosperity Through Innovation plan, released by Innovation and Science Australia (ISA) in January. In an interview with the Australian Financial Review, Bill Ferris, Chair of Innovation and Science Australia, stated that he sees R&D tax refunds for smaller companies as more beneficial than those for larger companies. The […]
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News & Research
News & Research
News & ResearchStartupAUS Calls for Clearer Support for Software R&D Activities
StartupAUS, Australia’s national startup advocacy group has released a report titled Crossroads – Fifth Anniversary edition. Data from the company has found that almost 90 percent of startups rate the R&D tax incentive as “very important” or “critical” to their […]
R&D Tax Incentive Crackdown For Software Claims
Reports have emerged in the media recently of software development companies that have been subject to adverse R&D Tax Compliance proceedings: Airtasker hit by R&D incentive tax crackdown that threatens tech firms Whilst the benefits available under the R&D Tax […]
