AusIndustry presentation to Founder Institute Government Grants & Incentives Workshop (December...

7/30/2019 AusIndustry presentation to Founder Institute Government Grants & Incentives Workshop (December 2012)

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ausindustry.gov.au • 13 28 46 • [email protected] •

http://www.ausindustry.gov.au/

mailto:[email protected]



http://www.facebook.com/AusIndustry

http://www.youtube.com/InnovationGovAu

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Francine Lavan A/g Assistant State Manager

R&D Incentives

AusIndustry NSW State Office

Government Assistance for Business







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What is AusIndustry?

• A division of the Department of Industry,Innovation, Science, Research andTertiary Education (DIISRTE)

• Delivers grants and incentives on behalf

of the Government

• Head Office in Canberra

• Offices throughout Australia

• Network of Regional Managers

• R&D Tax Incentive

• Tradex

• LPG & EPG Programs

• Certain Inputs to Manufacture

• EPBS

• Commercialisation Australia

• Clean TechnologyPrograms

• Textile, Clothing andFootwear Programs

• Structural AdjustmentFunds (eg. IRIIF)







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The Australian Government provides funding for

through all stages:

Innovation

Productivity

Sustainability

ExportGrowthProductionCommercialisationR&D







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CommercialisationAustralia

Competitive Grants

Innovation

Sustainability

AusIndustrySmall Business Support LineTCF Small Business Program

AusIndustryR&D Tax Incentive

Clothing andHousehold TextileBuilding InnovativeCapability Scheme

AusIndustryTradex

Certain Inputs toManufacture

Enterprise ConnectTechnology

Partnerships Equipment

Register AusIndustry

Clean Technology Investment ProgramClean Technology Food and Foundries

Investment ProgramTextile, Clothing and Footwear

Programs

Austrade Export Market

Development Grants(EMDG)

Enterprise ConnectBusiness Review

Continuous ImprovementProgram

Supplier ContinuousImprovement Program

Tailored Advisory Service

Enterprise ConnectTechnology and

Knowledge Connect

Productivity

ExportGrowthProductionCommercialisation

R&D

AusIndustry

Clean Technology Innovation Program

Export Finance &Insurance Corporation

(EFIC) Working capital guarantee

Buyer Finance Advance Payment &Performance BondsProducer Offset loan

AusIndustry

Venture Capital Funds

Business

Business EnterpriseCentres

Advisory Services program

Enterprise ConnectResearchers in

Business

Enterprise ConnectEnterprise Learning and

MentoringWorkshops, Industry

Intelligence &Networking

Export Finance &Insurance Corporation

(EFIC) Export payments

insuranceForeign exchange facility

guarantee

AusIndustryTradex

Certain Inputs to Manufacture

Australian Government Skills Connect

National Workforce Development Fund

Workplace English Language and Literacy Program

Investing in Experience

Accelerated Australian Apprenticeships Initiative

Australian Apprenticeships Mentoring Program

DIISRTE ARC Linkage ProgramsIndustrial Transformation

Research Program

Dept of Broadband,Communications andthe Digital Economydigitalbusiness.gov.au

DIISRTEGrants and Assistance

Finder business.gov.au







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Businesses of all sizes and in all sectors of theeconomy that are doing eligible R&D activitiescan now register with AusIndustry to receive theR&D Tax Incentive.

The R&D Tax Incentive lets companies offsettheir tax liabilities against expenses incurred inundertaking research & development activities

when creating new products, processes andservices



Overview

• A broad based, market driven entitlementprogram

• Aimed at encouraging more businesses to carryout R&D

• Generous support for businesses, especiallysmall and medium-sized firms

• Jointly administered by AusIndustry and ATO



Rates of assistance• Eligible entities with turnover under $20 million:

– 45 per cent refundable tax offset: if a company has atax liability of zero it may be entitled to a refund of anyunused offset amount , e.g. $10m R&D expenditure,offset refund $4.5m

– Quarterly credits system from 1 January 2014 for companies eligible for the refundable tax offset

• Eligible entities with turnover over $20 million:

– 40 per cent non-refundable tax offset



Eligible R&D entities• corporations incorporated in Australia

• foreign corporations resident in Australia

• foreign corporations resident of a country with a double tax

treaty arrangement with Australia, carrying on business througha permanent establishment in Australia

• public trading trust with a corporate trustee

Excluded entities:

• corporate limited partnerships

• exempt entities

• sole traders and trusts

Contact the ATO for more information



Expanded program access

• Allowing foreign companies with offshore IP access to theprogram

• Increase in allowable overseas R&D activities – requires anoverseas finding

• If a company is owned 50% or more by a university, thecompany may still be eligible for a 40% non-refundable offset

Access to R&D expertise

• Research Service Providers (RSP) who have met certaineligibility criteria

• Companies using services of a RSP do not need to meet the$20,000 expenditure threshold

Increased certainty for R&D investment

• Advance findings



Eligible R&D activities

Core R&D activities require that an experiment isconducted using the scientific method in order to addressa significant knowledge gap

Supporting R&D activities must be either directly related to core R&D activities or in a production environment,undertaken for the dominant purpose of supporting coreR&D activities



CASE STUDY: Push Through Technologies (PTT)

• Develop more effective digital packet switchingalgorithms for 4G mobile communications systems

• Background performance studies on all known

existing algorithms (Supporting)

• Development and refining a new algorithm, andtesting the new algorithm iteratively using asimulation tool (Core 1)

• ‘Real world’ testing and development of the DPS

algorithm in Hong Kong’s telecom network (Core 2)



Key observations:

Eligibility of the second core activity in Hong Kong:

• Advance and Overseas Finding certificate is required

• Need to describe how the outcome of the testing cannot

be known or determined in advance

• How the activity will be a systematic progression of workthat is based on principles of established science

• What new knowledge is being generated by the activity



Online eligibility tool

1

Did your company carry out an experiment (or set of related

experiments) or do you know the details of an experiment it

will carry out?

Yes

2Could the outcome of the experiment have been known or

determined in advance?No

3Was the scientific method utilised and required in order to

determine the outcome of the experimental activities?

Yes

4Was the purpose of the experiment to generate new

knowledge?Yes

5 Is the activity on the core R&D activity exclusions list? No

6 Was the activity conducted wholly or partly outside Australia? No



Step 1

Firms undertakingR&D or considering

undertaking R&Dassess their eligibility

Step 2

Register R&Dactivities with AusIndustry (within 10

months of the end of thefinancial year in whichactivities are undertaken)

Step 3Lodge claimwith the ATO

Maintain records tosubstantiate claims

(activities andexpenditure)

Step 4Receive benefit

Annual application process



Guidance materials available now

• R&D Tax Incentive Overview Guide• Fact and Information Sheets• Online Customer Information Guide• Guide to Findings• Advance or Overseas Finding application notes• Application Notes• Sectoral guidance - ICT• Online Eligibility tool

Registration Ready Workshops• Run monthly in State Office for customers – details on website• Consultants & Tax Agents- working together

Customer support through• AusIndustry website and hotline• AusIndustry State and Territory network• Register for R&D Tax Incentive Information Bulletin and AusFocus



For information on eligible entities and amounts you can claim

• Contact the ATO

• Visit the website | www.ato.gov.au

• Call the ATO | 13 28 66

• Email the ATO | [email protected]

For information on registration and eligibility of R&D activities,

• Contact AusIndustry

• Visit the website | www.ausindustry.gov.au

• Call the AusIndustry hotline | 13 28 46

• Email the AusIndustry hotline | [email protected]

AusIndustry presentation to Founder Institute Government Grants & Incentives Workshop (December...

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