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Ann: Appendix 4C - quarterly, page-60

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    ”Eligibility for the tax incentiveThe tax incentive reduces company R&D costs by offering tax offsets for eligible R&D expenditure.Eligible companies with a turnover of less than $20 million receive a refundable tax offset, allowing the benefit to be paid as a cash refund if they are in a tax loss position. All other eligible companies receive a non-refundable tax offset to help reduce the tax they pay.”
 
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