In particular, the submission considers the cumulative impact of the following key issues:
- Significant restrictions to the definition of R&D activities.
- The wholesale exclusion of computer software development activities and other activities
- The penalising of successful R&D with the introduction of new ‘feedstock’ rules and the expenditure 'not at risk' provision.
- The inability of Australian companies to access the R&D credit in respect of R&D activities undertaken for related foreign companies.