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November, 2024

Changes to Extension of Time request processes for R&D Applications

November 25th, 2024

AusIndustry have announced and released an updated version of the Extension of Time (EOT) form through the R&D Tax Incentive (R&DTI) customer portal. Companies are required to use the portal when applying for any extension of time to submit an R&D application if it is not able to be submitted by the original deadline (with the deadline being approximately 10 months after the end of the financial year). The updated form provides clarity around the 2 types of extensions you […]

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R&D Tax Registrations – Deadline this month

October 1st, 2024

Companies seeking to register R&D Activities conducted during the Year Ended 31 December 2023 (companies that have a December Year End for tax) who are yet to do so should note that the Registration Deadline is the end of October 2024. The extensions granted during COVID no longer apply, and the statutory deadlines revert to normal (10 months after the end of a company’s financial year). There are mechanisms available under the IR&D Act and IRD Decision making provisions that allow for […]

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Labor Statements on Innovation Policy

April 16th, 2019

Opposition Innovation, Industry and Science Spokesman Senator Kim Carr has been quoted in the AFR today with respect to Labor’s innovation policy during the federal election campaign. Carr Indicated that if Labor were to win the election, he would work with AusIndustry, the ATO and Treasury with respect to reviewing the processes for compliance assessments of R&D claims. Carr indicated that striking a balance between programme integrity and ensuring that claimants aren’t treated unjustly is important to ensuring the best […]

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