When Malcolm Turnbull requested the Governor General to prorogue Parliament to deal with a hostile Senate, he (most likely unintentionally) caused the Bill to cut the rate of the R&D Tax Incentive by 1.5%...
MJA Updates
Policy
Submitting to an R&D Tax Incentive Review (Again). Why You Should Bother
Last week, we alerted you to the Review of the R&D Tax Incentive (the Review) as part of the National Science And Innovation Agenda (the Agenda) and to the fact that the Review Chairs have released an...
We have been saying that R&D can be part of business as usual and the AAT agrees
The recent AAT decision, JLSP and Innovation Australia [2016] AATA 23 (22 January 2016) http://www.austlii.edu.au/au/cases/cth/AATA/2016/23.html, is the first decision on the definition of R&D since the...
This time of year, it’s all about the messaging
We think it’s fair to say that people may have got a touch overexcited about what might have been in the Prime Minister’s recent Innovation Statement. There was talk of new funding for competitive grant...
Innovation Statement: R&D Tax Incentive Under Review (Again)
Earlier today, the Prime Minister, Malcolm Turnbull, unveiled the Federal Government’s National Innovation and Science Agenda. Full details of the statement can be explored...
The Innovation Statement – Good As Gold?
Celebrated American author, Joseph Heller, is best remembered for the towering achievement that was “Catch-22”. One of his lesser known (but highly enjoyable) reads is “Good As Gold”, the story of a...
R&D Rate Reduction Bill – Still Hanging in There
The Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 has appeared and re-appeared on the Senate Order of Business a number of times over the life of the current Senate, without coming to...
R&D Rate reduction Bill update
Parliament has survived its first week back with a new speaker and a strong focus on the calls for marriage equality. In the background, the Senate has not considered the re-tabled proposal to reduce the...
R&D Tax Refund Confusion
The 2014/15 financial year has come to an end, and with the ‘Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015’ not scheduled to be debated until sometime after Parliament reconvenes on 10...
Stay Updated with the Latest
MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.