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The New Research and Development Tax Incentive: Second Exposure Draft

Date:

Wednesday, 31 March 2010

Content ID:

1772

Abstract:

On 31 March 2010, the Treasurer and Minister for Innovation, Industry, Science and Research released a second exposure draft of the legislation and explanatory materials for the new R&D tax incentive.

This second exposure draft revises the first exposure draft released on 18 December 2009. In light of the feedback received on the first exposure draft, changes have been made to ensure that the legislation is clearer and to remove unintended consequences.

Treasury has also published a consultation guide to assist stakeholders in navigating the differences between the first and second exposure drafts.

Making a submission

Interested parties are invited to comment on the exposure draft legislation and associated explanatory material. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Monday, 19 April 2010

Address written submissions to:
General Manager
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: rdtaxcredit@treasury.gov.au

For enquiries, please call Gerry Antioch on (02) 6263 4382.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  559.25kb
Explanatory Materials  613.35kb
Consultation Guide  150.78kb
Rates Act Amendments  44.07kb
Consultation Summary  40.73kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  1,630.22kb
Explanatory Materials  901.20kb
Consultation Guide  342.29kb
Rates Act Amendments  116.55kb
Consultation Summary  864.20kb

Related Items:

Submissions: The New Research and Development Tax Incentive - Exposure Draft Legislation and Explanatory Materials - 25/02/2010
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Submissions: The New Research and Development Tax Incentive: Second Exposure Draft - 14/05/2010
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