Swanson Reed News

Industry Leaders Call for Stability to R&D Tax Incentive as a Top Priority

June 26th, 2019

Following on from Prime Minister Scott Morrison’s calls for business to identify regulatory road blocks to investment, Industry Leaders have named proposed cuts to the R&D Tax Incentive as their key concern. An AFR article published today has reported that industry leaders consider reversing $4B in cuts over the estimate periods from the two preceding budgets as being the single most valuable lever available to the government to encourage business investment. The article had also noted industry lobby association StartupAUS’ […]

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Reports of Government Considering Tax Incentives for Commercialisation of IP

June 18th, 2019

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 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 […]

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Success of Australian Software Companies Linked to Investment in R&D

June 10th, 2019

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 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 […]

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AFR Publishes Statistics on Repayment of R&D Claims Found Ineligible

May 28th, 2019

AFR 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 […]

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

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