Release of the R&D Tax Incentive Review report

Closed 28 Oct 2016

Opened 4 Oct 2016

Overview

The National Innovation and Science Agenda (the NISA) was launched on 7 December 2015. In launching the NISA, the Australian Government committed to undertaking a review of the Research and Development (R&D) Tax Incentive programme.

The Review Panel was chaired by Mr Bill Ferris AC (Innovation Australia), Dr Alan Finkel AO (Chief Scientist) and Mr John Fraser (Secretary to the Treasury).

The Review Panel was asked to identify opportunities to improve the effectiveness and integrity of the programme, including how its focus could be sharpened to encourage additional R&D.

The Minister for Industry, Innovation and Science, the Hon Greg Hunt MP has released the R&D Tax Incentive Review report for public consultation. Interested parties are invited to comment on the Review Panel's proposed recommendations.

Feedback and previously provided submissions to the review will also be considered.

Further information on the Review of the R&D Tax Incentive can be found on the Business.gov.au website

Why We Are Consulting

This consultation process is being held to ensure stakeholder views are taken into account as the government considers how best to respond to the Review Panel's proposed recommendations. Interested parties have the opportunity to provide feedback through the following consultation channels:

  • participation in one of the feedback sessions being conducted nation-wide,
  • providing a written submission, or
  • completing this simplified online submission form.

What Happens Next

The period for online submissions has now closed.

Online submissions are being considered alongside responses provided through nationwide feedback sessions and written submissions, as part of the first phase of consultation.

The second and third phases of consultation are planned from November 2016 prior to the Government releasing its final response to the Review as part of a broader National Innovation and Science Agenda in early 2017.

General enquiries can be sent to R&DTaxIncentiveReview@industry.gov.au.

Media enquiries should be directed to media@industry.gov.au.  

Audiences

  • R&D Tax Incentive programme registrants
  • Individuals
  • Small and Medium Enterprises (SMEs)
  • Large business
  • Industry association
  • Peak body
  • University
  • Research organisation
  • Registered Training Organisation
  • State, Territory or Local government

Interests

  • R&D Tax Incentive programme
  • Business research and development
  • Industry-research collaboration
  • Innovation
  • Innovation policy
  • Tax policy