Megafauna, Tax refunds for R & D are now filtering through to...

Megafauna,
Tax refunds for R & D are now filtering through to eligible companies.

The Clean Energy Finance Corporation have security over cash refunds of Research and Development Tax Refunds. So the refund will go to them. CWE have indicated that this years refund should be around $5 million.

It was discussed here on HC when the $20million loan was made available by CEFC for a five year period to help fund CETO 6, that future tax refunds for R&D could very well repay most, if not all the loan to the CEFC.

I consider it a very smart and innovative way of funding.