On 12 September 2018, Moreton Resources Ltd announced on the ASX that the Administrative Appeals Tribunal (AAT) recently affirmed a decision by Innovation and Science Australia (ISA) that registered R&D activities were not eligible. This was decided on the basis that underground coal gasification is a known and proven technology and is therefore not considered a research and development activity, as defined by the 1997 Income Tax Assessment Act. The AAT have issued an amended assessment for $9M. Moreton Resources […]
The Australian Government announced a reform of the R&D Tax Incentive program as part of the 2018-19 Federal Budget. Swanson Reed is of the view that stable and generous support for R&D must be maintained to give companies the confidence to invest in long-term innovation strategies. We have provided feedback in response to the draft legislation of amendments to the Research and Development Tax Incentive. To read our submission to the Treasury, please click the link below: Swanson Reed – […]
Dreem is a neurotechnology company that is currently working on a state of the art product which could potentially end sleeping problems and enhance people’s quality of rest during the night. The company has just been granted $35 million R&D funding to accelerate its latest product and invest into further research and development to advance its technology. The product is a ‘Dreem headband’ which monitors brain activity to track sleep accurately and use auditory stimulation as a medium to help […]
The construction industry has traditionally been very conservative and at times slow to innovate, however a change seems to be occurring. The industry is now embracing more innovative technology and the introduction of 3D printing buildings and homes is one current example of this. The 3D buildings are made by a very large 3D printer that consists of a robotic base which has 360 degrees of motion and a smaller arm that prints out various building materials. This technology holds […]