News

News on Government policies and support for innovation
Government reintroduces R&D intensity legislation

Government reintroduces R&D intensity legislation

Late last week the Morrison Government reintroduced the so-called 'intensity test' changes to the R&D tax incentive announced in the 2018 Federal Budget.  The 'intensity test' introduces a sliding R&D tax benefit premium tied to the level of R&D spend as a...

Moreton Resources Limited [2019] FCAFC 120

Moreton Resources Limited [2019] FCAFC 120

AAT decisions relating to R&D Tax Incentive applications often turn on the failings of the applicant’s research processes and supporting documentation.  Sometimes they involve questions of law that offer some precedent value for taxpayers and the IR&D Board...

Budget 2020 – funding science

Budget 2020 – funding science

The main benefit of political stability, and the portfolio stability that comes from it, is continuity of policy and program funding.  Tweaks to program and/or funding changes can be managed if there is a clear strategic vision over multiple electoral and Budget...

A brief history of the R&D tax incentive

A brief history of the R&D tax incentive

With the impending election and the release of the 2019-20 Budget by the current government on 2nd of April, it is worth taking a brief look at the past to understand how the national conversation has changed with regards to the R&D Tax Incentive- the primary...

New software R&D guidance

New software R&D guidance

This week AusIndustry released an updated guideline to claiming software development as an eligible core R&D activity under the R&D Tax Incentive. What can software developers do to ensure that their software development activities are more likely to pass as...

Senate rejects R&D tax changes

Senate rejects R&D tax changes

This week the Senate Economics Legislation Committee in a bipartisan decision deferred further consideration of the 'intensity test' changes to the R&D tax incentive announced in the 2018 Federal Budget.  This integrity measure will likely be considered only after...

Uncertainty: R&D Tax changes

Uncertainty: R&D Tax changes

Last night the ScoMo announced changes to the R&D Tax Incentive scheme, impacting the budget by delivering a $2.4B saving to the budget bottom line over 4 years. In 2016-17, the annual cost of the scheme reached nearly $3B. The changes are therefore projected to...

Budget 2018: As expected, really

Budget 2018: As expected, really

Still crazy after all these years At a budget dinner last night hosted by InnovationAus the room was asked whether the Government was doing enough to support 'innovation’.  Innovation is one of those terms of ubiquity Londoners might once have used to describe a pea...

AusIndustry R&D concerns

AusIndustry R&D concerns

R&D compliance AusIndustry and the ATO recently discussed R&D compliance concerns with the R&D advice community. There are two points worth noting: The Registration Application is not a form-filling exercise. The RA is designed to allow AusIndustry to...

JobsforNSW Grants

JobsforNSW Grants

The new $190m 'Jobs for NSW' fund unashamedly channels NSW Government  business grant support programs to start-up and established growth business with a high potential to grow employment. In other news, the Turnbull Government has introduced legislation as part of...

State grants, EMDG and ESIC

State grants, EMDG and ESIC

The States lift innovation spending, program tweaks to EMDG, and the ATO releases ESIC detail. State innovation grant programs The Turnbull Innovation agenda may not have attracted populist support at the ballot box but it is driving perhaps the largest blooming of...

Turnbull, grants and R&D

Turnbull, grants and R&D

Turnbull's innovation tax incentive package inches forward, how to access grants, and the AAT clarifies R&D. The Turnbull innovation Key elements of the Turnbull innovation package in Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016 received Royal...