October 2016 – Have your say on the R&D Tax Incentive Review Paper

Deadline: 28th October 2016

The R&D Tax Incentive Review paper including a proposed $2M cap on the annual cash refund payable under the R&D Tax Incentive. BioMelbourne Network does not support this proposed change to the R&D Tax Incentive which will put a handbrake on innovation and risk driving jobs and R&D activity offshore.

Read more here

Have your say on the proposed changes to the R&D Tax Incentive:

1.    Take the Department of Industry, Innovation and Science’s online survey to say whether you agree or disagree with the recommendations

2.    Attend a consultation session.  Click here for more information.

3.    Make a submission. This can be as simple as a one page letter with dot points outlining how your organisation would be effected by the proposed changes and what the impact would be. Would your R&D activity decrease in Australia? Would jobs be lost or moved overseas? Would you be less competitive in terms of attracting clients or investment to Australia? How will changes to the R&D Tax Incentive effect jobs and growth?

Submissions can also be emailed to r&dtaxIncentivereview@industry.gov.au or sent to:

The Manager
Business R&D
Department of Industry, Innovation and Science
GPO Box 9839
CANBERRA ACT 2601

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