Have your say

This is your opportunity to assist the Australian Government develop a new research and development initiative to set the foundations for a productive and competitive Australia. The Government is seeking views from small, medium and large enterprises likely to claim the new R&D Tax Credit announced in the 2009-10 Budget.

There are two core components of the new R&D Tax Credit. These are a non- refundable 40 per cent Standard R&D Tax Credit and a 45 per cent Refundable R&D Tax Credit for companies with a turnover less than $20 million.

The Government has released a consultation paper for the new R&D Tax Credit entitledThe New Research and Development Tax Incentive. They are seeking written submissions from interested parties.

The paper is available on the Department of Treasury’s website http://www.treasury.gov.au/