The NSW State Government has recently announced new initiatives relevant to companies conducting R&D activity:
Additional information is available on the NSW Government website.
Companies who meet the relevant criteria and that have the time to participate in the grant application process should consider these initiatives.
Companies who receive the grant funding and are also registering activities under the R&D tax incentive will need to be mindful of the operation of the new clawback provisions relevant to grant funded expenditure.
Take our online eligibility test to check whether your company can reduce its tax bill with the R&D tax incentive.