Review of the R&D Tax Incentive

Review of R&D Tax Incentive

The Review concluded in April 2016 and the Review Panel provided its report.

Review of the R&D Tax Incentive

Review of the R&D Tax Incentive

Minister Hunt media release on the R&D Tax Incentive Review findings

R&D Tax Incentive Review report released for consultation

Statement from the R&D Tax Incentive Review report co-chairs: Bill Ferris, Alan Finkel and John Fraser

Review of the R&D Tax Incentive

Consultation

The Minister for Industry, Innovation and Science, the Hon Greg Hunt released for public consultation the R&D Tax Incentive Review report on 28 September 2016.

Interested parties were invited to comment on the report and provide feedback on the findings and the proposed recommendations. The closing date for submissions was 28 October 2016.

View the non-confidential published submissions.

An online survey was also made available for providing feedback, as were feedback sessions conducted in all state and territory capital cities. These were in addition to the meetings and round table discussions hosted by Minister Hunt and Assistant Minister Laundy.

The department would like to thank all those who have participated in one or more of the communication channels, for taking the time to consider the Review and its recommendations and for providing your feedback.

What Happens Next

Feedback provided through the first phase of consultation (online survey, written submissions, feedback sessions and Ministerial led discussions) will be consolidated and considered by Government as it begins to develop its response to the Review.

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.

Background

The National Innovation and Science Agenda (the Agenda) was launched on 7 December 2015. In launching the Agenda 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.

How the Review relates to previous activities

Earlier departmental programme review activities were incorporated into the Review. These included:

Additional stakeholder views provided through other consultation processes were also taken into account, including:

  • relevant 2015 Tax White Paper submissions;
  • the 2014 Senate inquiry into Australia's Innovation System; and
  • 2015 consultation paper: Vision for a Science Nation - Responding to Science, Technology, Engineering and Mathematics: Australia's Future.

Submissions provided to Government on the Review Report and its recommendations

Non-confidential submissions have been published below.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government.

Non-confidential responses were published in in accordance with the Department’s Privacy Collection Statement. For further information, please refer to the Department of Industry, Innovation and Science privacy policy.

Note: Submissions provided as confidential were not published. Submissions that contained content that was defamatory, obscene, indecent, threatening or abusive were not published.

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You can view previous submissions to the Review Panel and further information about previous consultation processes they undertook.


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