Manufacturers Modernisation Fund Now Open

The Australian Government has announced a new competitive grant program for the manufacturing sector. The Manufacturing Modernisation Fund will provide grants of between $50,000 and
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Ombudsman to formally investigate SME complaints over R&D Tax Incentive clawbacks

As reported recently in the Financial Review, a freedom of information search uncovered that over $500m has been reaped back from R&D Tax claims paid
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Controversial R&D Tax changes removed from legislation

Despite winning the recent Federal election and appearing to have a mandate to drive contentious legislation through with a majority in both houses based on
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R&D Tax Incentive prepayment loans – the benefit of a rigorous due diligence process

Over the past 4 years or so the ability for R&D Tax Incentive claimants to use their resultant R&D Tax cash reimbursement as collateral to
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R&D Tax amendments “put on hold”

After holding a four month inquiry into the proposed amendments to reduce benefits under the R&D Tax Incentive, the Coalition-led Senate Economics committee this week
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R&D Tax Incentive – Senate enquiry update and current audit crackdown outcomes

The recent Senate Economics Legislation Committee enquiry into the proposed R&D Tax legislation amendments has failed to produce sound economic reasons for reducing benefits to
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