Businesses are increasingly leveraging Artificial Intelligence (AI) to streamline various tasks in a bid to achieve significant time savings and efficiency gains. However, when using AI to assist in the drafting of documents that present legal obligations (such as an R&D Application), care should be taken to ensure the information disclosed is correct. In recent months, we have observed a growing trend of companies using AI to assist with the collation of the initial draft content for their Research and […]
In recent comments published by The Australian, Robyn Denholm, the Australian-based Tesla chair, has expressed concerns over slowing business investment in Australia, noting that “Australia is not living up to its full potential” in terms of investment and R&D She highlighted that Australia’s combined government and business spending on R&D has fallen to 1.68% of GDP since 2008, compared to the OECD average of 2.73%. This R&D spending gap equates to approximately $25 billion per year. “We need to see […]
News has emerged that former Industry and Science minister Ed Husic has been dropped from the new federal government’s cabinet. Ed Husic served as Minister for Industry and Science for all of the Albanese government’s first term (since June 2022) and also served as Shadow Minister prior to the 2022 election. Ed Husic has always been well respected by the technology sector and industry in general and has been a strong advocate of it. He has been instrumental in recognising […]
The deadline for FY24 R&D Registrations is on Wednesday, 30 April 2025. Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2024 (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 is 30 APRIL 2025. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent changes place a limit […]