R&D tax incentive: Quarterly credits

This consultation process has now been completed. Submissions available
Consultation Type
Exposure Draft

Key Documents

The Assistant Treasurer, the Hon David Bradbury MP, and the Minister for Climate Change, Industry and Innovation, the Hon Greg Combet AM MP, have released for public consideration draft legislation to provide the Research and Development (R&D) tax incentive through quarterly credits.

In August 2012, the Government released a consultation paper seeking feedback on the design and implementation of R&D quarterly credits.  R&D quarterly credits will be an opt-in element of the R&D tax incentive for companies with an aggregated turnover of less than $20 million.  It will allow companies eligible for the R&D refundable tax offset to obtain the benefit of the offset on a quarterly basis during an income year, rather than waiting until an income tax return is assessed.

Submissions to the consultation paper have informed the design of the draft legislation. The draft legislation seeks to minimise the administrative burden on taxpayers whilst maintaining the integrity of the tax system.

The Government is interested in receiving feedback from interested parties on the proposed amendments to establish R&D quarterly credits. Feedback is valuable in ensuring the legislation achieves its policy objectives.


12 submissions were received for this consultation.

Deloitte - pdf 94.91 KB
Deloitte - rtf 841.04 KB
Ernst & Young - pdf 110.25 KB
Ernst & Young - rtf 605.25 KB
KPMG - pdf 64.79 KB
KPMG - rtf 1.55 MB
Sutherland, Peter - pdf 31.22 KB
Sutherland, Peter - rtf 69.54 KB