Research and development tax incentive quarterly credits

On 15 June 2011, the Government announced its intention to introduce quarterly credits for companies entitled to the research and development (R&D) refundable tax offset. Quarterly credits will be accessible for quarters beginning on or after 1 January 2014.

On 12 April 2013, draft legislation was released for public consultation. The Government encourages interested parties to provide feedback on the proposed arrangements for R&D quarterly credits.

Media releases

For more information, refer to:

• media release No. 048 issued on 12 April 2013 by the Assistant Treasurer, Minister assisting for Deregulation
• joint media release No. 083 issued on 3 August 2012 by the Assistant Treasurer, the Minister for Industry and Innovation, and the Acting Minister for Small Business
• joint media release No. 066 issued on 15 June 2011 by the Treasurer and the Minister for Innovation, Industry, Science and Research.

Legislation and supporting material

Exposure Draft and Explanatory Memorandum were released by the Assistant Treasurer on 12 April 2013. Submissions close on 10 May 2013.

For more information refer to: Consultation paper for R&D Tax Incentive: quarterly credits, released 3 August 2012 Research and development tax incentive - home.