This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft
Key Documents
The Assistant Treasurer, the Hon David Bradbury MP, has released for public consideration draft legislation to target access to the Research and Development (R&D) tax incentive.
On 17 February 2013, the Government announced changes to deny access to the R&D tax incentive to very large companies. The measure will add a third tier to the R&D tax incentive whereby companies with aggregate assessable income of $20 billion or more will no longer be eligible to access the 40 per cent non‑refundable tax offset.
The Government is interested in receiving feedback from interested parties on the proposed amendments to target access to the R&D tax incentive. Feedback is valuable in ensuring the legislation achieves its policy objectives.