Guys! Here is the Definition of Advance finding with Tax...

Guys! Here is the Definition of Advance finding with Tax incentives in Aus.

Is it in a company’s interests to apply for an advance finding? Does having an advance finding reduce the compliance burden on registered companies?
Advance findings are an optional feature available under the R&D Tax Incentive. They are not a precondition of registration nor do they replace the registration process. As a self assessment program companies who are confident that their activity meets the eligibility criteria should not need to apply for an advance finding.
In order for a company to receive an advance finding, Innovation Australia needs to make a determination on the eligibility of activities. While an advance finding provides a company with certainty about the eligibility of their activities, Innovation Australia needs to be satisfied of the company’s intention to carry out the activities. In this sense, the examination of activities could be viewed as bringing forward some of the compliance responsibility up-front prior to registration.

If the company receives a certificate confirming the eligibility of their overseas activities, the finding applies from the start of the income year in which the application is made (not from the time the application is made). For example, companies that have already started their overseas activities in the 1 July 2011- 30 June 2012 income year, can apply for the finding at any time prior to the end of that income year.
An overseas finding is a pre-condition of registration for overseas activities. However it does not replace registration. The overseas activities need to be registered in order for the company to claim a tax offset relating to those activities.

All Good IMO.. good Luck guys