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MJA Updates

Putting the R&D Tax Incentive To The Pub Test: Is This The End For AusIndustry?

March 21, 2024 Kris Gale

When we look back at the towering achievements of the 21st century, one phenomenon that is likely to be at the head of the queue is the rise of the ‘pub test’. The test is regarded as something the ordinary patron in an Australian pub would understand and accept to be fair, were it to come up in conversation.Well, this…

Affordable Ways To Get The RDTI Humming

February 8, 2024 Kris Gale

MJA in InnovationAus.com: Affordable Ways To Get The RDTI Humming.....MJA was delighted to be invited to make a contribution to the 9 February edition of InnovationAus.com. The article provides some recommendations of cheap and cheerful ways to improve the RDTI’s contribution to driving Australia’s R&D efforts.The article is reproduced below.Sandy Plunkett’s excellent article in Monday’s edition of InnovationAus.com, ‘Money for…

Federal Government Funding For R&D: Perceptions, Reality and All That Kind Of Stuff

December 5, 2023 Kris Gale

Our lives. They’re busy. Keeping up with everything is hard. So hard in fact that MJA only produces this Update when it feels there is something legitimate to say so we don’t unnecessarily add to the clutter.When recently asked by The CFO Centre to contribute to the upcoming edition of its newsletter about any recent changes in government funding for…

The RDTI: All Quiet On The Fiscal Front

May 9, 2023 Kris Gale

This week's Federal Budget had nothing of moment to say about the Government's flagship innovation program, the R&D Tax Incentive (RDTI). Whilst Australian taxpayers are always keen for additional support and encouragement, the stability of the current unchanged program does enable companies to make their R&D and innovation plans with a high degree of certainty. It should be remembered that…

Moreton Resources: More Good News For R&D Taxpayers From The AAT (Before The Curtain Falls)

December 19, 2022 Kris Gale

Whether your streaming tastes are related to the Addams Family, the Royal Family (or neither), you tune in knowing that the show won't be going on forever. And so it is with the Administrative Appeals Tribunal (AAT) which the Federal Government has announced will cease after more than 50 years of operation next year. However, there has still been time…

Innovation and the Federal Budget of “restraint”

October 26, 2022 Kris Gale

Last night’s Federal Budget was characterised by the new Treasurer as one of “restraint”. And this appears to have applied to the R&D Tax Incentive – leaving the program untouched.  Included in the Budget announcements were some news relevant to the innovation space: •    The Government announced its flagship industry investment aimed at diversifying and transforming Australian industry through its…

New AusIndustry Guidance on Software R&D – A Year Well Spent?

April 19, 2022 Kris Gale

The Department of Industry, Science, Energy and Resources recently released its latest guidance product, ‘Software-related activities and the Research and Development (R&D) Tax Incentive’. The guidance was released in draft in April 2021 and public consultation closed in June. Since that time, AusIndustry and the ATO, assisted by the Technology Council of Australia, set up a working group involving a…

The RDTI: Just Like The Other Thing, Let’s All Be In This Together

December 23, 2021 Kris Gale

The unsurprising release of three ATO R&D Tax Incentive (RDTI) guidance products just three working days from Christmas means that eyebrows won’t be raised, nor eyes rolled. It just feels too much like business as usual for that to happen.The specific releases are as follows: TR 2021/5: The final version of TR2021/D3 dealing with the Division 355 "at risk" rulesTD 2021/9:…

The R&D Tax Incentive: Still To Cement A Legacy

October 5, 2021 Kris Gale

Earlier this month, the Australian Government published an article on its business.gov.au website celebrating 10 years of the R&D Tax Incentive (RDTI), lauding the fact that more than 30,000 companies have accessed the program since it began in July 2011 including 2,000 to 3,000 new businesses per year. In the article, the 2011 legislation was praised for making the government…

The R&D Tax Incentive – Welcome To The Second Chance Saloon

July 2, 2021 Kris Gale

In one of those 'blink and you missed it' moments, the R&D Tax Incentive (RDTI) turned 10 years old earlier this week. This MJA Update has chronicled the tumultuous times associated with the program ranging from the unbridled enthusiasm with which the Federal Government promoted the benefits in the early years to the intensely difficult 2015-2019 period referred to as…

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