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March 2020
“The R&D Tax Incentive is a key enabler to allow you to focus on new ideas, new products and how to compete better in the future”
-
Dr Murray Height, CEO HeiQ Australia.

Hear it from our Customers


What do yoghurt, solar energy, textiles, and vaccines have in common? They all feature in our new video series highlighting how the R&D Tax Incentive has helped Australian companies offset their R&D costs to grow their business.
  
We've released a story on BioMedical company Vaxxas to YouTube , and have more companies doing R&D to come! Stay tuned for more content coming to  Business.gov.au, LinkedIn, Facebook, and YouTube channels.

We're coming to QODE! 


The R&D Tax Incentive will be crewing a booth at QODE Brisbane – AusIndustry staff will be available to assist you answer all your R&D Tax Incentive inquiries.

There will also be a number of staff from other AusIndustry programs onsite to help you find out more about the support that could be available to you and your business.

Do you know of an industry event you think we should be at? Get in touch at rdti.engagement@industry.gov.au 

Federal Court Outcome: What it means

The Full Federal Court judgement clarifies the position regarding the interpretation of “experimental activities” and the “application of existing technology at a new site” as set out in s.355-25(1) of the definition of “core R&D activities”.
 
On 25 July 2019, the Court handed down its judgment on the Moreton Resource Limited appeal. The Court considered whether the AAT had erred in its construction of the definition of “core R&D activities” in s.355-25(1) of the ITAA 1997 in relation to the pilot project activities which had been registered in the 2010 year. 
 
The Court’s judgment has provided ISA with the opportunity to be clearer in its R&DTI guidance and communications about eligibility requirements, simplify R&DTI administrative functions and potentially reduce compliance burden. ISA is undertaking a review of all of its guidance material to make any necessary amendments.
 
You can read about the Federal Court judgment and other AAT decisions at R&D Tax Incentive external appeals.

External Provider Selected

In May 2018 the Australian Government announced a range of measures to support business’s understanding of the Research and Development Tax Incentive and to enhance program administration.
 
One key reform measure relates to the two stage procurement process that was undertaken to identify an external service provider to support the department with integrity activities. The process has concluded and the department has engaged Bellchambers Barrett Consulting Pty Ltd, a professional services firm comprising of management consultants, audit and tax specialists, to assist with assessment of Advance and Overseas findings.
 
From March onwards, Advance and Overseas finding applications may be assessed by Bellchambers Barrett Consulting Pty Ltd. Should this be the case, the Department will make contact with you in the first instance. The important thing to note is that all decision making will be retained by the department.
 
Got questions? email us at rdti.procurement@industry.gov.au

New name, same R&DTI

On 1 February 2020 the Department of Industry, Innovation and Science became the Department of Industry, Science, Energy and Resources, with the transition of the energy functions from the Department of the Environment and Energy, and small business functions from the Department of Employment, Skills, Small and Family Business.

This change will not affect how you work with us, or how the R&D Tax Incentive operates.

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