New guidance to support investment in research and development


The Morrison government has strengthened its commitment to supporting companies to invest in research and development, through refreshed R&D Tax Incentive guidance.

The guidance follows the government’s investment of a further $2 billion into the incentive, which provides a tax offset to support Australian companies to undertake additional research and development activities.

The refreshed Guide to Interpretation offers straightforward and accessible advice for companies accessing the R&D Tax Incentive, making it easier to find the information they need.

Minister for Industry, Science and Technology Karen Andrews said the guide was just one of the ways the government was supporting businesses. 

“We’re focussed on getting the economic conditions right so Australian businesses can thrive, which is crucial to our recovery from the COVID-19 recession,” Ms Andrews said.

“By giving greater clarity to the scope of eligible activities under the R&DTI legislation, we’re supporting more Australian companies to self-assess their R&D activities against the criteria and offset some of the associated costs.

“Alongside reforms announced in the recent Budget, providing clearer guidance material helps give companies the confidence and certainty to invest in the kinds of R&D that boosts our economy and creates highly skilled jobs right across Australia.

“We know that companies that conduct R&D are often more successful and contribute to economic growth at a higher rate.”
The guide, refreshed in consultation with business and tax agents, features plain English, less duplication, and helpful diagrams and examples, together with content aligning with recent Federal Court and Administrative Appeals Tribunal decisions. 

Companies are encouraged to use this resource and the range of helpful guidance available at to self-assess the eligibility of their R&D activities.

Related news & editorials

  1. Conymet Duratray
    by      In
    Cranbourne Victoria will become the centre for an internationally supported manufacturing facility that will create up to 100 new highly skilled jobs.
    Minister for Economic Development Tim Pallas welcomed the decision by Conymet Duratray International to grow its current Victorian footprint by... Read More
  2. Australian made logo
    by      In
    Calls for buyers to support local manufacturing by choosing Australian made goods have gained momentum with the announcement of an Australian Made Campaign Week (AMCL) for May this year.
    AMCL is encouraging shoppers to actively focus their purchases on genuine Australian made products, helping to... Read More
  3. globe
    by      In
    The ongoing demand for iron ore and growth in technology-related commodities such as lithium, nickel and copper are set to drive a recod $296 billion in export earnings for 2020-2021, according to latest reports.
    The Resources and Energy Quarterly from the Department of Industry, Science, Energy... Read More
  4. 06.04.2021
    by      In
    The school holidays are upon us, and the Australian Made Campaign wants shoppers to look for the iconic Australian Made logo on all their Easter holiday purchases.
    You can find the green and gold kangaroo on furniture, bakeware, gifts, camping equipment, toys, outdoor play equipment, and thousands... Read More