The Research and Development Tax Incentive (R&DTI) program is one of the most crucial yet fraught programs supporting the growth of Australian startups.
The R&DTI helps offset some of the costs that businesses invest into eligible R&D and the Department of Industry, Science, Energy and Resources is looking at reforms to improve how companies engage with the program.
The department says it wants to understand:
- the time people spend accessing the incentive
- their experience in engaging with the program
- how useful they find the program guidance
It’s seeking feedback from people and companies who’ve used the R&DTI and has a survey for users to fill out on their experience.
“Your responses will help us to target specific areas for improvement to ensure the R&DTI is accessible to companies who are doing eligible R&D,” the department says.
“This will allow us to improve how we administer the program and make doing business with the government easier for you.”
However, the window for replies is just two weeks long, opening this week and closing on October 11.
More on the R&DTI is available here at business.gov.au