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ASX Listed Software Company Receive AusIndustry Finding That R&D Activities Are Not Eligible
July 30th, 2019XPED LIMITED has announced to the ASX that the company has received notice from AusIndustry of a finding assessing certain registered activities as ineligible under the requirements of the R&D Tax Incentive for the FY18 period. XPED LIMITED had previously announced in the company’s interim report for the half year ended 31 December 2018 that a Refundable R&D offset of $1,634,607 was received in respect of the Technology Development segment of the business, which is focused on development of Internet […]
Moreton Resources Limited v Innovation and Science Australia [2019] FCAFC
July 25th, 2019This matter has been appealed to the Federal Court. Introduction: A recent decision has been handed down by the Full Federal Court in the case Moreton Resources Limited v Innovation and Science Australia [2019] FCAFC 120. The decision is still subject to appeal however shows clarification in disputes with existing R&D technology at new sites. Background: A previous AAT decision in September 2018 had determined that R&D Activities registered by Moreton Resources Limited were not R&D Activities in accordance with […]
Satellite communications company, Myriota, first start up to sign agreement with Australian Space Agency
July 16th, 2019Myriota, a satellite communications company working closely with the University of South Australia in 2015, has received funding’s of $15 million dollars with Boeing HorizonX Ventures. Anthony Murfett said that “it demonstrates that businesses of all sizes can make a significant contribution to Australia’s space industry.” The coaction of a startup and the Space Agency have shown the importance of a unique R&D and IP. Murfett commented, “Myriota’s technological innovation is important not only to support the growth and transformation […]
Research papers find benefits of Government Financial Assist has Positive Impact on Private Finance
July 10th, 2019A recent report published from the Office of the Chief Economist has found that government assistance (such as that available from the R&D Tax Incentive) has a positive impact on a company’s ability to generate external finance (link to paper: https://www.industry.gov.au/sites/default/files/2019-06/government-financial-assistance-as-a-catalyst-for-private-financing.pdf). The report referenced previous papers investigating the effectiveness of R&D Tax Incentives which found substantial evidence that receiving R&D tax subsidies improve the likelihood and amount of external financing available to a firm, especially when the firm is small […]
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News & Research
News & Research
News & ResearchIntroduction A recent case heard in the AAT has affirmed a previous decision by Innovation and Science Australia (AusIndustry) finding that Activities registered under the R&D Tax Incentive were not in accordance with the legislative requirements. The case: H2O Exchange Pty Ltd and Innovation and […]
The AFR has reported that the NSW Government is to form a new advisory council, chaired by David Gonski with a brief to make NSW “the R&D leader within Australia and a world-class contributor”. Forming of the NSW R&D council […]
