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MJA Updates

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…

Newsflash! Software R&D Claims Are OK According To Government Guidance A Good News Story

June 10, 2021 Kris Gale

If you have followed the R&D Tax Incentive (RDTI) in the past five years, you will not have been able to avoid the controversy surrounding the eligibility of software R&D. The issue has been as ubiquitous as the expressions “new normal”, “unprecedented times”, “we’re all in this together” and “no sugar, thanks”. A little over two years ago, there was…

The R&D Tax Incentive and Software Development: A better fit than the alternatives.

March 4, 2021 Ian Ross-Gowan

Since the announcement in the October 2020 Budget that the R&D Tax Incentive (RDTI) cuts were not going through, the attention has turned to the thorny issue of the eligibility of software R&D. Many commentators are pushing for the introduction of a separate tax concession program for software R&D in certain circumstances. MJA Director, Ian Ross-Gowan, reflects on the wisdom…

Hello, Mariah? Are You Out There?? Here Are Our Christmas Wishes For R&D

December 22, 2020 Kris Gale

So we’ll admit to being a bit greedier that Mariah Carey who apparently only wants “you” for Christmas.  Coming off the great news in the October Budget that shored up the value of the RDTI for the 2021/22 year and beyond, MJA would like the Government to look at the following options to be placed under the R&D Christmas tree…

Federal Government Launches Round 2 of the Manufacturing Modernisation Fund

December 8, 2020 Kris Gale

Immediately below is an important press release from the Federal Government regrading industry assistance. Applications for Round two of the Manufacturing Modernisation Fund (MMF) are now open. As the first of the key initiatives to be launched under the Australian Government’s $1.5 billion Modern Manufacturing Strategy, Round two of the MMF is helping to modernise our manufacturing sector. It will…

R&D Tax Incentive – Now We Have Some Clear Air, Will It Be Smooth Sailing?

November 4, 2020 Kris Gale

The recent passing of the Bill that preserved and, in some ways, extended the value of the R&D Tax Incentive (the RDTI) has been warmly received by the market.It follows the improved understanding of the program requirements contained in the Moreton Resources and Bogiatto cases, along with the noticeable improvement in the administration of the program in the wake of the Small Business and…

R&D Tax Incentive & The 2020 Federal Budget:  A Good News Story At Last Program To Be Strengthened In 2020/21; Proposed Cuts Abandoned  

October 6, 2020 Kris Gale

The thousands of companies that deliver Australian innovation have received a tremendous boost in tonight's Federal Budget.The current R&D Tax Incentive (RDTI) Bill, that sought to introduce $1.8 billion in cuts over 4 years from 2019/20 onwards, has been abandoned. This means that the current RDTI regime applies for the 2019/20 and the current financial years.In a truly exciting development, the…

When Innovation Policy Resembles The Latest Hollywood Blockbuster

October 1, 2020 Kris Gale

For those lucky enough to have made it back to the cinema, the main offering has been Christopher Nolan's latest magnum opus, "Tenet". It's not a spoiler to say that there are several shots throughout the movie displaying time moving forwards and backwards on the same screen. And, we were eerily reminded of that idea during this exchange between Prime…

Just in time for Spring….

August 27, 2020 Kris Gale

Spring is just around the corner, and even the Department of Industry, Science, Energy & Resources (the Department) has been doing some spring cleaning. The Department has just released its “refreshed” version of the principal guidance product for the R&D Tax Incentive program, namely the Guide to Interpretation. To view this refreshed Guide, please click here. The Department is seeking feedback on…

Senate Committee Report Delayed till Post-Budget

August 24, 2020 Melanie Reen

In February 2020, the Senate referred the provisions of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill (the Bill) 2019 to the Economics Legislation Committee for inquiry and report by 30 April 2020. This was then extended to 7 August,and then to24 August, presumably due to the restrictions imposed by Covid 19. On Friday 21 August 2020, the Senate…

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