Swanson Reed News

ALPHA HPA Limited Progresses Development of High Purity Alumina Plant in Gladstone QLD

July 25th, 2023

Gladstone based ALPHA HPA (ASX: A4N) has commercialised the world’s first adoption of the solvent extraction (SX) purification technique to aluminium to produce a growing range of ultra-high purity aluminium materials. The AFR notes that shares in the company have increased by approximately 150% over the past 12 months. The high purity aluminium oxides, hydroxides, nitrates and sulphates produced by ALPHA HPA are found in a wide range of high technology industries including LED lighting, synthetic sapphire, semiconductors, and lithium-ion battery […]

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Media Reports of a Raid by Federal Police and Tax Office Agents Related to an R&D Claim

July 21st, 2023

One of the major national newspapers has this week posted an article seeming to suggest that a raid by federal police and tax office agents on a start up in recent weeks may have been linked to the company’s R&D Claims. Swanson Reed does not know specifics of this case, nor know whether the media reports are accurate, and will accordingly not mention the name of the entities involved. It is worth noting, however, that the magnitude of R&D Expenditure […]

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Federal Court Decision re: R&D Entity Claiming Overseas Components Without an Overseas Finding

July 13th, 2023

As noted on the Swanson Reed blog in November 2022, an AAT decision handed down in October 2022 (T.D.S BIZ PTY LTD and Commissioner of Taxation) considered the case of an R&D Entity attempting to claim the cost of overseas moulds, fabrication, CAD and assembly within their R&D Tax Incentive claim without having first attained an Overseas Finding from AusIndustry. This was one of the only administrative decisions to consider the specific issue of: Is R&D expenditure related to the […]

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Digital Games Tax Offset – Legislation Passed including Clarification of Interaction with R&D Tax Incentive

July 6th, 2023

In June 2023, Treasury Laws Amendment (2022 Measures No 4) Bill 2022 was passed to enact the digital games tax offset (DGTO). The DGTO initiative was proposed by the former government as a refundable offset for Digital Games, to strengthen the digital games industry and develop local capability. The Digital Games Tax offset only applies to a company that: carries out its business activities in Australia and has an ABN; is primarily responsible for the digital game development activities undertaken; […]

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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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