The December 2024 Mid‑Year Economic and Fiscal Outlook (MYEFO) was released by the Government on 18 December 2024 and announced that The Government will exclude activities related to gambling and tobacco from Research and Development Tax Incentive eligibility for income years starting on or after 1 July 2025. The Government has now released an exposure draft for Treasury Laws Amendment Bill 2025: 4 Exclusion of tobacco and gambling 5 related activities from the Research and 6 Development Tax Incentive which is the legislative instrument that […]
The Brisbane-based company TechnologyOne offers SaaS+ (Solution as a Service) products. TechnologyOne has become a leader in the Australian industry, and its shares have performed well over the past 5 years. TechnologyOne has consistently emphasised its R&D investment proudly within its ASX filings and according to Chat GPT, has made the following R&D investment over recent years: FY22 – A$ 92.2 m FY23 – A$ 112.0 m FY24 – A$ 128.0 m Writing in the AFR on 25 November, Edward […]
The R&D Tax Incentive (R&DTI) is co-administered by two government agencies: 1: The Department of Industry, Science and Resources on behalf of Industry Innovation and Science Australia (IISA): The department registers companies for the R&DTI program and makes findings on the eligibility of R&D activities. and 2: The Australian Taxation Office (ATO): The ATO is responsible for administering R&DTI expenditure claims, and conducts reviews and audits on substantiation of claims and other matters. The Commissioner of Taxation’s Annual Report 2024–25 was published in late October 2025. This […]
DISR have announced they will be conducting a R&D Tax Incentive Registration webinar on THURSDAY 20 NOVEMBER 2025. This information session is scheduled to cover: The application process; How self-assessment works; Eligibility requirements of activities and expenditure; Record-keeping to substantiate claims. Representatives from AusIndustry and ATO are noted as being in attendance. A registration link is here. Please get in touch with our office if you require assistance, would like to speak to someone about a potential claim, or check out our website for more […]