Under the R&D incentive, applicants can now obtain an
R&D incentive where parts of the R&D activities are
conducted overseas, provided certain conditions are met. One
condition is that the company must apply to Innovation Australia
for an Overseas Finding. The application must be made in the first
income year that overseas activities are conducted. Companies with
30 June year ends currently conducting R&D activities overseas
must apply by 30 June 2012.
A company can obtain an R&D Incentive on R&D conducted
overseas provided the following conditions are met:
The company receives an advance finding that the activity is an
eligible R&D activity.
The overseas activity must have a significant scientific link
to one or more core R&D activities conducted in Australia. The
Australian activities must be registered or be reasonably likely to
be conducted and registered with Innovation Australia.
The overseas activity cannot be conducted solely in Australia
Conducting it requires access to a facility, expertise or
equipment not available in Australia;
Conducting it in Australia would contravene a law relating to
Conducting it requires access to a population (of living
things) not available in Australia; or
Conducting it requires access to a geographical or geological
feature not available in Australia.
The total amount to be spent in all income years on the
overseas activities is less than the total amount to be spent on
R&D in Australia.
As noted above, the application for an overseas finding must be
made in the first income year that overseas activities are
For a copy of the 'Application for Advance or Overseas
Findings' on the AusIndustry website, please
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