AusIndustry - R&D Tax Credit consultation

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R&D Tax Credit consultation

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.

We are 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 of less than $20 million.

The Government has released a consultation paper for the new R&D Tax Credit entitled The New Research and Development Tax Incentive.

We are seeking written submissions from interested parties. The paper is available on the Department of Treasury's website.

For more information, please visit the R&D Tax Credit program's webpage, email hotline@ausindustry.gov.au or phone the AusIndustry hotline on 13 28 46.

Meetings to inform small, medium and large enterprises of details in the Consultation Paper will be held in September and October 2009.

Please note, seats at the consultation sessions are limited

AusIndustry

Although electronic messages sent by Government bodies are exempt from the new Spam Act 2003, AusIndustry pays the courtesy to our customers and stakeholder to opt out of being on AusIndustry's R&D Tax Credit consultation sessions Distribution List, in accordance with the intent and spirit of that Act.

AusIndustry delivers a range of more than 35 business programs -- including innovation grants, tax and duty concessions, small business development, industry support and venture capital -- worth $2 billion a year. AusIndustry's customers include about 12,000 businesses and more than 70,000 individuals.

Please send an email here if you wish to have your name removed from the AusIndustry R&D Tax Credit consultation sessions Distribution List. Following this, you will no longer receive information and updates about this program. If you do not click the highlighted text, you will continue to receive messages, although you will be able to unsubscribe from the list at any future time.

Thank you for your time.

Chris Enders
Manager, R&D Tax Credit Implementation
AusIndustry

Mark Kulasingham
National Marketing Manager
AusIndustry

Department of Innovation, Industry, Science and Research
Level 7, 10 Binara Street, Canberra ACT 2600
GPO Box 9839, Canberra ACT 2601
Ph: +61-2-6213 7272. Fax: +61-2-6290 8683
Email: chris.enders@innovation.gov.au
Internet: http://www.ausindustry.gov.au

Department of Innovation, Industry, Science and Research
Industry House, Level 7, 10 Binara Street, Canberra City ACT 2601
GPO Box 9839, Canberra ACT 2601
Ph: +61-2-6213 6008 Fax: +61-2-6290 8741
Email: mark.kulasingham@innovation.gov.au
Internet: http://www.innovation.gov.au
ABN 74 599 608 295

AusIndustry