whats next??, page-85

Might be a stupid question, but does anyone know if we are eligible for a refund, for R and D?

"The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D. The Program aims to help more businesses do R&D and innovate. It is a broad-based entitlement program. This means that it is open to firms of all sizes in all sectors who are conducting eligible R&D. It provides more generous support for businesses, especially small and medium-sized firms, than the R&D Tax Concession that it replaced.

The two core components are:

a 45 per cent refundable tax offset (equivalent to a 150 per cent deduction) to eligible entities with an aggregated turnover of less than $20 million per annum
a non-refundable 40 per cent tax offset (equivalent to 133 per cent deduction) to all other eligible entities.
AusIndustry and the Australian Taxation Office are responsible for delivering the R&D Tax Incentive. We work closely together and are available to help you."
http://www.ausindustry.gov.au/programs/innovation-rd/rd-taxincentive/pages/default.aspx