http://mjassociates.com.au R&D tax credit and concesssion expert consultants - Australia's leading independent consultants Fri, 05 Mar 2010 01:56:18 +0000 http://backend.userland.com/rss092 en What has Loki been up to lately? Last week’s announcement that changes were being made to the draft legislation and explanatory materials associated with the New R&D Tax Credit (the Credit) was very welcome. MJA has expressed its concern that the Bill’s attempt to legislate additionality and spillover in the Object Clause ... http://mjassociates.com.au/mja-update/mischiefs-and-the-new-rd-tax-credit/ The Treasury has announced that the draft legislation that delivers the new R&D Tax Credit is being rewritten to make it clearer and less complex.  The letter below sets out the scope of the review including five major concerns that have been reflected in the recent submission process:  Definition of Core R&D Activities Definition ... http://mjassociates.com.au/mja-update/rd-tax-credit-is-being-rewritten/ With memories of the Christmas/New Year break rapidly becoming the stuff of legend, the R&D community is now able to focus on the Draft Bill and Explanatory Materials (released immediately prior to Christmas) that set out the design and operation of the new R&D Tax Credit. What has become very clear ... http://mjassociates.com.au/mja-update/rd-tax-credit-were-not-in-kansas-anymore/ The Australian Government’s new innovation initiative, Commercialisation Australia, will be open for applications in early January 2010.  This program will be administered through the Department of Innovation, Industry, Science and Research. Information and application details are now available from the Commercialisation Australia website www.commercialisationaustralia.gov.au. We will provide further information in our next ... http://mjassociates.com.au/mja-update/commerialisation-australia/ Has Treasury Given Us What We Always Wanted or Just Another Pair Of Socks? The Treasury Consultation Paper, The new research and development tax incentive, released in September 2009 was a great disappointment to the Australian R&D community. How do we know this? Because 165 submissions to the Treasury were made publicly available ... http://mjassociates.com.au/mja-update/the-rd-tax-credit-exposure-draft/ MJA's response to the Treasury Consultation Paper - The new research and development tax incentive. http://mjassociates.com.au/innovation-policy/rd-tax-credit-submission/ Window For Responses Is Closing Rapidly Submissions regarding the Treasury consultation paper, "The new research and development tax incentive”, close on Monday, October 26.  The public consultation sessions were completed in Sydney yesterday. It seems apparent that an Exposure Draft of the legislation is already advanced and is likely to be released ... http://mjassociates.com.au/mja-update/the-rd-tax-credit-issues-paper-response/ A week in and where are we at? The past week has been a predictably intense one. The Treasury consultation paper, “The new research and development tax incentive”, has attracted widespread comment, concern and criticism. Some have seen the paper as the harbinger of the end of effective government support for R&D. ... http://mjassociates.com.au/mja-update/so-what-is-the-big-issue-in-the-rd-tax-credit-issues-paper/ The much-anticipated R&D Tax Credit issues paper finally arrived last Friday. The consultation paper is available on the Treasury website. And like the refrain of the old song, given that we have been waiting for the paper to appear since the Federal Budget in May, one would be justified in ... http://mjassociates.com.au/mja-update/rd-tax-credit-issues-paper/ The Federal Government held two "pre-consultation" sessions in Melbourne (19 June) and Sydney (26 June) to help prepare a discussion paper regarding the new R&D Tax Credit legislation announced in the May Federal Budget. Following the release of the discussion paper in mid-July, a formal consultation process will commence. Most Significant ... http://mjassociates.com.au/mja-update/rd-tax-credit-program-design-consultation/