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Cost Of The R&D Incentive Decreasing in 2017-18
December 18th, 2017The Mid-Year Economic and Fiscal Outlook Report for 2017-18 has been released, outlining and explaining major changes in payment estimates relating to policy decisions and other factors. Since the last Budget, total cash payments have decreased by $3.4 billion and $8.8 billion over the four years to 2020-21 for parameter and other variations. Included in this category is the cost of the R&D Tax Incentive program, which is coming in less than expected for the 2017-18 year. Cash payments are […]
Gaming Industry R&D focus is picking up in SA
December 11th, 2017Gaming industry professionals in South Australia are excited to hear that Government support for game development is finally picking up and the gaming industry is receiving the long awaited recognition it has been longing for. This comes after South Australia was approved to receive a $2 million game developers R&D space in Adelaide, courtesy of the state government grant to Canberra-based gaming specialist Games Plus. Adelaide will become the second location for Games Plus after the launch of its Canberra space […]
Amazon.com.au May Boost Innovative Aussie Businesses
December 8th, 2017Amazon, the world’s largest online shopping company, has finally launched its Australian retail site. While the initial response was underwhelming, with visitors to the site complaining that there was a lack of stock selection and the discounts were not significant, it has been estimated that Amazon will undercut Australian retailers by 30 percent. Moreover, the company will continue to add to its store, which covers 23 categories, from books to electronics to baby products, making it simple for consumers to […]
Digital Game Development Hub Planned For South Australia
November 28th, 2017A dedicated video game hub is to be set up in Adelaide over the next three years and will potentially generate 500 new jobs. The state government is granting $2 million to the project, much of which will go to the fit out, skill development and education programs and the production and marketing of Adelaide-built games. Operated by the non-profit company Game Plus, the hub aims to increase the profile of South Australia’s gaming, animation and software development community. Ron […]
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News & Research
News & Research
News & ResearchCochlear Comments on Australian R&D Tax and Innovation Policy
A recent article in The Australian has outlined comments from Dig Howitt, CEO of Cochlear, who believes Australia is at a crossroads when it comes to commercialising new innovative products. Howitt noted the country’s current tax regime hinders research and development […]
ATO Release First R&D Tax Incentive Transparency Reporting Data
As now required by law, The Australian Taxation Office (ATO) has released its first annual Research and Development (R&D) tax transparency report on entities claiming the R&D tax offset. The information the ATO published includes: name of the R&D entity […]
