The Australian Government has passed the R&D Tax Incentive legislation, commencing 1 July, 2011.
The R&D Tax Incentive is a major part of the Australian Government’s commitment to boost industry investment in research and development (R&D) activities.
The program is broad-based, market driven and accessible to companies in all industry sectors. It provides a tax offset to support Australian companies to be more innovative, productive and competitive in the global marketplace.
As part of the commencement of the R&D Tax Incentive, AusIndustry and the ATO are holding a series of public information sessions. These sessions will provide attendees with an opportunity to gain a better understanding of the program.
To view the schedule of info sessions, you can visit the website here: http://www.ausindustry.gov.au/InnovationandRandD/RandDTaxIncentive/Pages/RandDTaxIncentive-InformationSessions.aspx