Ann: May 2017 Operational Update, page-113

@brassmad, dispute acknowledged.

On my computer atm and can cut and past so as not to reference something you will have to look up...

From the 4C -

During the March 2017 Quarter IOT completed its claim for Research & Development incentive refund. The company expects to receive AU$961,100 within the June 2017 Quarter.

What purpose would IOT have including this refund in the March quarter effectively reducing the Total estimated cash outflows by 50%? -

9.7 Other (provide details if material) – R & D tax refund (961)
9.8 Total estimated cash outflows 1,013

Is there any chance this refund will not be granted?

I understand the "new" IOT does not do research and development anymore...

The March 2017 Quarter has seen a maturing of IOT as a company. In particular, following the announcement of various changes to IOT’s strategy and personnel, IOT have focused on becoming a profit-making business rather “a tech innovator”.

This is more than creative accounting... in my opinion.