News

Uncertainty remains: 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...

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...

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 assess R&D...

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'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 Assent...