IHL will be entitled to submit an R&D refundable tax offset application and they have done this historically, albeit small numbers. For companies with a group turnover under $20 million the rate is 43.5%. IHL did mention this is an announcement in March 2019, and even though Bosco thinks we don’t read announcements to the bottom... actually we do.
Ann: Quarterly Update and Appendix 4C, page-40
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