Hydrogen from Brown Coal, page-9

Oh but --- dribble dribble dribble that's not fair Plext you're on the ball...

Government grants & support 1. R&D Tax Incentive The upgrade project will constitute an eligible research and development (R&D) activity under the Company’s R&D plan registered annually with AusIndustry. As such, this will allow the Company to claim 43.5% of the cost of the project under the R&D Tax Incentive program, contributing ~ $2.4M toward the cost of upgrading the plant. The project will be executed via a systematic approach aligned with the prior positive advance finding issued by AusIndustry for the Coldry project. Compliance with the criteria for eligible R&D activity also has the benefit of mitigating key technical risk areas ahead of developing the plant further towards large-scale commercial demonstration. The R&D Tax incentive rebate also applies to eligible activities related to the research and development of the Company’s other technologies; HydroMOR, COHgen and CDP-WTE.

2. Federal Government COVID-19 stimulus measures The instant asset write off measures that now extend through to December 2020 provide an opportunity for the Company to accelerate the write off many capital items and bring forward the R&D tax incentive on depreciation more than would have otherwise been the case.
3. Innovation Connections: HydroMOR grant Separate from the Coldry upgrade project, the Company has attracted support for the ongoing research and development of its HydroMOR technology. ECT, in partnership with CSIRO, is pleased to announce that it has been awarded a $50,000 grant from the Commonwealth Government Department of Industry, Science, Energy and Resources toward a $100,000 project aimed at profiling the performance of the Company’s HydroMOR technology across a range of feedstocks


Ha Ha