For the Ecopropp claims, the ATO would only charge shortfall...

For the Ecopropp claims, the ATO would only charge shortfall interest if the claims were already paid and need to pay back.

So this isn't just a case of money expected in but not going to be received.

This is a case of LWP having received the money already and have to pay it back.

It effectively owes the ATO $701,851 plus penalties, plus interest.

I think it is also important to release the reasons why the ATO denied the R&D rebate. If the proposed rebate amount for LWP 205 alone was $857,061, then expenditure needs to be around $2.8M (R&D rate is 30%, right?). So the ATO deemed this expenditure not to be R&D. Then what was it, since LWP was at the time a company solely invested in R&D pursuits?