March, 2026

Notes from Productivity Commission update in February 2026

March 9th, 2026

The Productivity Commission is the Australian Government’s independent research and advisory body on economic policy and productivity. Its role is to analyse policy issues and recommend reforms that improve Australia’s productivity, living standards, and economic performance. In February 2026 it released a document titled “Annual productivity bulletin 2026” which noted that Australian market sector R&D investment, as a proportion of Gross Fixed Capital Formation (GFCF), declined by more than 40% between 1995 and 2025. This metric analysed is R&D as […]

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Statutory Registration Deadline for FY25 R&D Claims is next month

March 2nd, 2026

Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2025 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and 30 APRIL 2026. The blanket and automatic extensions granted in previous years do NOT apply any longer or for FY25 claims. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent […]

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Comments on February 2026 Senate Economics Legislation Committee discussion on R&D Tax Incentive

February 13th, 2026

As reported in the media this week, the Senate Economics Legislation Committee discussed the administration of the R&D Tax Incentive. Swanson Reed has reviewed the discussion in detail. It involved interactions between three people, whose comments are summarised and paraphrased below: Greens Senator Barbara Pocock: Had queries around how many reviews are conducted each year; Queried whether staff conducting reviews include personnel with Science and Engineering qualifications; Asked for details of fines or penalties for incorrect claims, and indicated concerns that possible penalties […]

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2025 Annual Report for IISA: Update on R&D Tax Legal matters and litigation

December 5th, 2025

Industry Innovation and Science Australia (IISA) is the federal government department responsible for determining whether companies’ activities meet the legislative criteria eligible under the R&D Tax Incentive.  The 2025 Annual Report for IISA was recently released, and a section of the report provides an update on Legal matters and litigation relevant to the department. Litigation on R&D activity now usually starts in the The Administrative Review Tribunal of Australia (ART), rather than Administrative Appeals Tribunal (AAT). However, this change is not likely […]

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