Date posted: 24/09/2021

Submission to BoT on its Review of the R&D Tax Incentive dual administration

CA ANZ lodges submission with the Board of Taxation on the administration of the R&D tax incentive by AusIndustry and the ATO

CA ANZ has lodged a submission to the Board of Taxation (BoT) on its Review of the R&D Tax Incentive (R&DTI) dual administration model. CA ANZ obtained member feedback from R&D stakeholders at a range of firms with large, mid-sized and boutique R&D practices. There was considerable consistency and correlation between the experiences our members reported having with the R&D program’s administration. There was also a high level of alignment on the suggested actions that could be taken to make improvements based on principles that apply regardless of the administration model adopted.

CA ANZ feedback from our CA members broadly fell into five (5) key themes:

  • Roles and performance of the dual administrators 
  • Skills and competency of AusIndustry
  • Interpretation and guidance by the dual administrators
  • Accountability of AusIndustry
  • Interaction with stakeholders in the program

Given AusIndustry’s long history with the R&DTI, the unique science, innovation and industry focus of AusIndustry, and the critical importance of certainty and stability for the program, CA ANZ considers that on balance, the dual administration model has merit and should be retained. However, as the submission details, there are areas where the administration must be substantially improved, most notably through enhanced accountability and stakeholder engagement by AusIndustry.