Swanson Reed News

Industry Ministers Comments on R&D Tax Incentive within Recent Government Release in February 2024

February 27th, 2024

On 15 Feb 2024, Ed Husic’s department made a press release titled ‘Government investing billions in research and development’ to accompany the release of the 2023–24 science, research and innovation (SRI) budget tables. The government notes in the release that: Investing in Research and Development (R&D) is fundamental to delivering the Government’s priorities to: rebuild Australia’s manufacturing capability, support home grown innovation, and secure Australia’s long-term productivity, resilience and prosperity;  SRI Budget Tables show the Government will invest an estimated $12.6 billion […]

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Altium Affirmed as One of Australia’s Greatest Ever Technology Companies on $9b Takeover

February 20th, 2024

Altium Ltd has origins in Hobart in the 1980’s, and sells software to help people design printed circuit boards. Following an IPO, the stock at one stage reached a low of $0.08, however, in testament to the company’s success, the company has entered a scheme of implementation agreement in February 2024 for Japan’s Renesas Electronics to acquire the company at $68.50 a share (equating to an enterprise value of around $9bn). Throughout a surge in the shareprice of tech stocks […]

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QLD Government to Announce Start-ups to Benefit from Deals with Major Venture Capital Firms

February 19th, 2024

The Queensland State Government’s Queensland Venture Capital Development Fund (QVCDF) has announced deals with five major venture capitals firms: Antler, Five V Capital, Main Sequence, Mandalay Venture Partners and Salus Ventures. The deals relate to Queensland start-ups having access to up to $200 million in new matched funding seeking to allow these investors to grow their presence, focus and investment in the local innovation sector. In response to significant demand for the QVCDF, managed by Queensland Investment Corporation (QIC), the […]

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Changes to R&D Clawback Mechanisms for FY22 based on ATO Guidance Released November 2022 – Video

February 19th, 2024

The content of this video has been based on guidance publications released by AusIndustry and the ATO. Additional guidance material on the R&D Tax Incentive is often progressively published by the programme regulators on their respective websites: ATO AusIndustry

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Bryce Steele
Principal, Melbourne
Tom Parkhouse
Principal, Sydney
Andy Nguyen
Principal, Brisbane
Holly Parkinson
Manager, Adelaide
David Greatwich
Principal, Perth
Krishna Gungaram
Manager, Hobart

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