R&D Tax Credit name change

On 2 September 2011, Innovation Minister, Senator Kim Carr anounced the R&D Tax Credit will now be known as the R&D Tax Incentive. The name R&D Tax Incentive reflects the program’s overall objective of encouraging more companies to engage in research and...

R&D Tax Credit Bills Pass Senate

On 23 August 2011 the Australian Senate passed the Bills to replace the R&D tax concession with the R&D tax credit. In addition to the original proposal, the Senate also passed amendments for the new scheme to start operating from 1 July 2011, as well as to...