Getting R&D Ready to Boost Your Cash Flow

Proposed Changes Status update

“Theobjective…is to encourage industry to conduct research and development activities thatmight otherwise not be conducted because of an uncertain return from the activities…”

Current Status

- Government re-introduced a slightly modified Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 into Parliament in December 2019.

- Senate has referred the Bill to the Senate Standing Committee for further inquiry and the reporting date has been extended until 7 August 2020.

- It is unlikely the proposed changes will be enacted in the short term.