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 development (R&D) in Australia.
Information Sessions: During September and October AusIndustry and the ATO will hold public information sessions about the R&D Tax Incentive. For further information and to register please follow the link to the information sessions page.
AusIndustry and the ATO, as administrators of the R&D Tax Incentive, will release guidance material for the program following Royal Assent.
The R&D Tax Incentive legislation will be supported by Regulations and Decision-making Principles. Application forms will not be available until the Regulations have been finalised. Information on the Regulations and Decision-making Principles is available from the Department of Innovation website.
