AusIndustry

AusIndustry

AusIndustry will partner with you in the next step of your business growth. We’ll support you to innovate, invest and commercialise. You may be eligible for funding and our national outreach network is ready to start working with you now.

https://business.gov.au/grants-and-programs/ausindustry

 R&D Tax Incentive Insider APRIL 2023 | EDITION 7  
In this edition
Registration due date for June balancers
Registering as a Research Service Provider
Spotlight on the National Measurement Institute
Introduction to the R&D Tax Incentive
Australia’s Economic Accelerator Seed Grants now open
Update on the Advance Findings Software Pilot
Did you know?A new look and feel for our website
DUG Technology


Registration due date for June balancers

The statutory deadline for registering your 2021/22 R&D activities if you operate on a standard income year (1 July to 30 June) is 30 April 2023. You can lodge up to Tuesday 2 May 2023, which is the first business day following a weekend and public holiday in some States.

It’s important to check your customer portal access now to ensure you can meet the deadline.

Visit our customer portal help and support page for help on accessing the portal. You can apply before the due date if you are ready now. 

Apply now 

 

Registering as a Research Service Provider 

Research Service Providers (RSPs) are registered by the department and provide scientific or technical expertise and resources to perform R&D for other companies.The deadline is approaching for RSPs to renew their registration for the 2023/24 financial year. An online Smart Form will be available from Monday 1 May 2023. This will be distributed to RSPs currently registered with the program through our annual renewal communication. If you would like to register as an RSP, click the link below for more information. 

What you need to know

Registrants can review the existing Fields of Research they are registered for in the online register and make changes when submitting their 2023/24 RSP application form.Applications must be submitted by 31 May 2023 and the online register will be updated accordingly in July 2023.From 1 July 2023, new RSP Applications, Variation Applications and Annual Renewal Applications must be made through the R&DTI customer portal. New users of the customer portal can view a walk-through of the portal on the Customer portal help and support page. The RSP team can be contacted at rsp@industry.gov.au for assistance.

Find out more about becoming an RSP 

 

Spotlight on the National Measurement Institute 

You can engage a Research Service Provider (RSP) to perform R&D activities on your behalf and claim the R&D Tax Incentive for expenditure on eligible R&D activities the RSP conducts for you.

The National Measurement Institute (NMI) is Australia’s national authority on measurement. As a registered RSP, NMI can provide your business with access to its world-class facilities and laboratories, accredited testing and analytical services and tailored technical advice to conduct your R&D activities.

NMI works with industry, government and researchers across a wide range of sectors (advanced manufacturing, defence/national security, energy/resources, food/agriculture, health and environment). NMI is a regulator and part of the national and international standards and conformance infrastructure. This puts our experts in an excellent position to assist with:

– evaluating the performance of products and services 
– meeting safety and regulatory requirements for successful commercialisation and market entry.

To find out more, visit NMI’s website, call 1800 020 076, or email info@measurement.gov.au.


Introduction to the R&D Tax Incentive

WEBINAR | 17 MAY 2023

Are you new to the R&D Tax Incentive? Would you like to understand more about the program’s requirements to help you self-assess your eligibility?

Join representatives from both the ATO and DISR for an information session providing essential information on the program.

We will guide you through key program requirements that you should consider before you commence your R&D activities.

This will include tips on how to assess your activities, what expenditure can be claimed and how to keep records as part of applying to the program.If you are new to the program, we recommend that you attend this session before you apply.Register now to secure your spot!

Register to attend




Australia’s Economic Accelerator Seed Grants now open 


(AEA) is a $1.6 billion research funding program aimed at supporting the translation and commercialisation of Australia’s world leading research in the university sector. AEA Seed grants are currently available to support proof-of-concept projects with grants of between $50,000 and $500,000 for up to 12 months.

AEA grants must be aligned with the priorities of the National Reconstruction Fund outlined on the Department of Industry, Science and Resources website.International experience shows that business engagement and partnership is critical to commercialisation success. Businesses who fall under our R&D Tax Incentive can work with universities to apply for the Seed Grants, along with the future Ignite and Innovate grants (expected to launch in the second-half of 2023).

Universities are encouraged to partner with industry and businesses as part of their proposal.

The second tranche of Seed Grant applications opened on 27 March 2023 and will close on 5 May 2023.

Priority consideration will be given to projects that align with value-add in resources and value-add in agriculture, forestry and fisheries.

Find out more 

 

Update on the Advance Findings Software Pilot 

In our March newsletter, we asked software companies to express interest in joining our Advance Findings pilot program.

The pilot gave companies the opportunity to consult with the department about their activities and learn about the Advance Finding process.Twenty-seven companies attended an information session with an R&D Tax Incentive software expert, generating some great discussions about Advance Findings and their role in providing increased certainty about eligibility. Over 60% of those attending agreed that Advance Findings may become part of their R&D strategy. 

Thank you to all who expressed interest and participated. We look forward to hearing from others in the sector as the pilot progresses. While this pilot focusses on software companies, Advance Findings are available to companies from all sectors. If you are a tax agent or consultant looking to learn more, you are welcome to attend a drop-in session on Advance Findings on 31 May 2023. We will explore the basics of Advance Findings, followed by Q&A. This session will not coverAdvance Overseas Findings.

Register for the sessionIf you are a company, you can learn more about Advance Findings on business.gov.au, or email rdti.engagement@industry.gov.au to register your interest in attending an information session later this year.  


 

Did you know? 

What happens if your activities change after you receive an Advance Finding? Only the activities identified in your Findings Certificate have been assessed for eligibility. If your eligible activities change but they are materially the same as those described in the Findings Certificate Annexure, they will be covered. 

Activities are materially the same if:
•    there is no change to the hypothesis
•    there are only minor changes to experiment design
•    it is a simple date change
•    there is an immaterial change to contractors or suppliers.If there are significant changes, it is likely you are now conducting a new activity.

You may need to apply for a new Advance Finding if you need certainty about the eligibility of your activities. Those activities will need to be registered in your application for the R&D Tax Incentive.Call us on 13 28 46 if you need to discuss your options or find out about Advance Findings on business.gov.au:

Learn more about Advance Findings 

 

A new look and feel for our website What’s changed?

We update our website interface and structure from time to time to make sure we keep improving your user experience. 

You’ll notice some changes to the look and feel of our website:
– a new structure makes it easier for you to find the information you need
– there’s a more contemporary use of colour, imagery and whitespace

Visit our website  

DUG Technology

Founded 18 years ago by two geophysicists in a suburban shed in Perth, Western Australia, DUG Technology is a high-performance computing company.

It now exports its advanced algorithms globally and operates some of the biggest and greenest supercomputing data centres in the world. DUG competes against multi-billion-dollar companies through the strength of its R&D, which has been supported over many years by the Australian Government’s R&D Tax Incentive program.

https://youtu.be/d0tXZX6-8eQ



Dr Matthew Lamont, co-founder.
R&D Tax Incentive team
AusIndustry Department of Industry, Science and Resources
Contact centre 13 28 46 | email or chat
GPO Box 2013 Canberra ACT 2601

Supporting economic growth and job creation for all Australians.

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