basically any Oz company can calculate what they have spent in a tax year on things they claim are R&D. If they can convince the ATO that those activities really were R&D, (pretty easy when you’re actually an R&D company), the ATO will give you that much money back. It’s a small point, but they aren’t getting paid to do R&D, they’re getting paid because they did R&D. Most tech startup companies do this, and it’s always factored in each year.
BLG Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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