October 6, 2020 by Ben Thompson
The Federal Budget for FY21 gave a glimmer of hope for industry-led research with an announcement of an additional $2B investment in the R&D Tax Incentive. Although this is off the back of (what I assume are now moot) proposed cuts of $1.8B to the programme which the Senate review committee was (is?) meant to present their findings in the next couple of days.
If it wasn’t for the pandemic and recession we wouldn’t have anything positive to be talking about with respect to R&D, so that’s something. If the Coalition hadn’t already made the position clear in chipping away at the R&D Tax Incentive since coming into power I’d be more optimistic than where we are now.
December 4, 2019 by Athena Thompson
As TechLever is interested in what happens in our own backyard, I attended the City of Maribyrnong’s November event, Innovation & Data: Smarter City, Smarter Business. Below are some takeaways from the event which all have a common theme – data is important but it’s people who really count in the end (spoiler alert, not so much).
Brook Dixon from Delos Delta hosted the evening’s talks from Victoria University, VU Hanger, Tranquil Consultancy and quick five minute ‘rev ups’ from locals WellAware, Chasing Sound and The Idea Collective.Read more
September 10, 2019 by Athena Thompson
As on our homepage, rather than recreate the wheel, the Government provides an excellent resource which provides background info and basic examples on what the R&D Tax is and how it can fit within your business.
As the Department of Industry, Innovation and Science (AusIndustry) and the Australian Taxation Office (ATO) jointly administer the R&D tax incentive, we’ve given you the most relevant links to each for a business. And if you’re an accountant, we’ve also provided additional details just for you.Read more
August 21, 2019 by Athena Thompson
April 9, 2019 by Ben Thompson
The Coalition released their antipathetic Budget for 2019-2020 a week ago. The delay in our response reflects the fact there is no news or anything of substance or relevance to our clients or focus of work.
February 26, 2019 by Ben Thompson
The guidance released by AusIndustry last week was addressed to people who have been doing the wrong thing; willingly or through ignorance of R&D legislation. There is nothing new in the guidance for those who have solid understanding of the scientific method; who claim only activities which have clear and precise technical uncertainties and which the solution is already documented in internal code repositories.
December 21, 2018 by Ben Thompson
August 26, 2018 by Athena Thompson
First conceptualised in 2014, the Industry Growth Centres were targeting five key industry sectors over a 10-year strategy. Their whole raison d’être was to revitalise innovation in industry, that rather than be researcher-led, was directed by industry to help reduce barriers in the marketplace and create new opportunities. This would was to be actioned by purely creating a neutral centre for businesses to network and connect. When first envisaged, the “innovation precincts” all sounded all a bit too fluffy – since when do competitors work together?
June 4, 2018 by Athena Thompson
Hats off to one François and , a long-time client and friend, who are making a new generation of optical telemetry systems.
May 14, 2018 by Ben Thompson
The Budget for FY19 titled changes to the R&D Tax Incentive, “Protecting the integrity of the tax system”. On closer review of its implications I would suggest a more apt title being “Shaving more dollars on innovation in Australia”.
The Budget announcement included a sneaky bait-and-switch with the focus on policing efforts and carefully worded reductions.