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June, 2026

Deadline approaching for lodgement of Overseas Findings for R&D Activity first conducted in FY26

June 4th, 2026

Companies seeking to claim expenditure for overseas activity incurred by an Australian company under the R&D Tax Incentive must apply separately to claim these costs by first lodging an Overseas Finding Application with AusIndustry. In addition to general eligibility criteria, there are specific and extensive rules to determine whether expenditure on overseas activities is eligible under the R&D Tax Incentive. Generally, expenditure incurred by Australian companies on R&D activities conducted overseas can only be eligible for the R&D Tax Incentive where: The […]

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Significant concerns over announcement in May 2026 to limit Refundable R&D Tax Offset to firms operating less than 10 years

May 18th, 2026

Swanson Reed’s initial analysis of the R&D announcements in May 2026 are summarised here. After we considered these proposed changes in greater detail, we are particularly alarmed about a proposed change announced in the Budget to the R&D Tax Incentive that we feel has not been communicated well nor understood by those whom it may impact… We fear the announced proposal to limit access to the Refundable R&D Tax Offset to firms operating less than ten years will be determined based on an […]

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Reports that R&D Tax Changes to be announced in May 2026 Federal Budget

May 7th, 2026

The 2026–27 Australian Federal Budget will be delivered by Treasurer Jim Chalmers on Tuesday, 12 May 2026. The AFR has reported today that:   Treasurer Jim Chalmers is expected to raise the current $150 million cap on R&D expenses that can be claimed, in a move that will immediately help tech giant Atlassian and hearing device maker Cochlear, but is also aimed at making Australia a more internationally competitive investment destination. A review of the R&D and innovation system led […]

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Swanson Reed’s Online R&D Tax Workshop – Updated March 2026

March 26th, 2026

Swanson Reed has recently compiled a series of training videos providing updated material on the R&D Tax Incentive. Benefits available to companies under the R&D Tax Incentive are substantial; however, companies must suitably self-assess and record their activities to meet specific requirements on eligibility and documentation. The videos in our series compiled in March 2026 include topics that explain key decisions or guidance published by ATO and AusIndustry. In some cases they also cover decisions handed down by courts and tribunals on R&D Tax […]

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