Tailored Accounts facebook   +61 2 6169 5196

R&D Application Process Reform

Author: Hannah Tran CPA | Partner at Tailored Accounts

A new portal has been launched to make it easier for companies and individuals to manage their applications for the Research and Development (R&D) tax incentive. Applications can be submitted via the portal from 5 July 2021, but you can log in now to become familiar with the new portal and start drafting your application.

Previously, the process of submitting a Registration of R&D Activities Application started with downloading an editable smart PDF form from business.gov.au, followed by completing the form and finally submitting the interactive form by clicking the Submission button at the last page of the form. 

New R&D Tax Incentive customer portal

Now applications can be created, developed and submitted online via the new R&D Tax Incentive Customer Portal. The online platform is expected to deliver a better customer experience for all users, making it clearer for you to understand the eligibility criteria and how to address these in your application

In the future, the portal will be promoted as a one-stop interaction for all the R&D related activities including overseas finding applications, request for extension, variation or withdrawal of R&D activities application form. 

What do portal users need to do?

If the submission deadline is before 5 July 2021, the smart PDF form will be used instead. Once the transition to the new portal is complete, the smart PDF form will be abolished. To access the portal, please follow these simple steps:

  • You will need a myGov ID;
  • Link your myGov to the business you represent through the RAM system.
  • Once you log in to the portal, there will be a prompt message asking whether you would like to activate the business as a R&D entity. 
  • After you have confirmed the activation, you can assign other individuals or tax agents to manage the application on your behalf. This assignment can be done via the Manage Access button at the end of the Portal Page. 

If you would like Tailored Accounts to assist you with an R&D process, please refer to the following information:

  • Tailored Tax ABN number: 68627884191
  • Date the authorisation to be effective
  • Period the access to be granted: your start date must be from today or a date in the future and your end date must be no later than 3 years in the future. As long as there is an authorisation in place, you can extend access, revoke or modify the role. 

The new customer portal help and support page includes videos to help you access and complete your application, including a walk-though of the portal. You can provide feedback on the new portal by sending an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Read more...

EMDG Reform: Draft Guidelines released for consultation

Source: EMDG Austrade

The draft 2021 Export Market Development Grants (EMDG) Guidelines has been released for public consultation, the next stage in the EMDG Reform process. The EMDG Legislation Amendment Act 2020 was passed in December 2020, and the EMDG Rules were released in April 2021. The draft Guidelines are now out for public consultation until Friday 11 June 2021. Feedback on the draft Guidelines can be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.. The draft Guidelines provide practical guidance on how the new program will operate, including aspects such as:
 

  • Are you eligible to apply?
  • When can you apply for the 2021–22 grant round?
  • How do you apply for a grant?
  • What documentation will you need to support your application?
  • What reporting will be required?
  • When and how will grant payments be made?
  • What will be included in the grant agreement?

If applying for an EMDG grant from 1 July 2021:

To be eligible you must:

  • be a representative body or an Australian person, with ‘person’ meaning an individual, a company, a trust, or a partnership, within the definitions of the EMDG Act
  • have an annual turnover of less than $20 million
  • have an Australian Business Number (ABN). 

What products will I be able to market overseas? 

EMDG provides assistance for you to promote many different types of Australian products, including:

  • goods
  • services
  • events
  • intellectual-property
  • know-how
  • software.

Your product must have a certain connection to Australia. That connection to Australia is described in the EMDG Rules for each type of product. For example, an eligible event is one that is either held in Australia or, if the event is held online, the event is provided by an Australian person. Your product cannot be an excluded product. For example, EMDG will not fund services relating to activities or products that are unlawful. 

When will applications open?

The draft EMDG Guidelines propose grant applications open on 16 August and close on 30 November 2021. This will be confirmed following the public consultation process, which is currently underway. 

How long will the lodgement period be for grant applications?

A period of around three months is proposed in the first year with a new, simplified application process. Austrade will review and adjust for future rounds if needed. Austrade will review this process once complete and adjust it for future rounds if needed.

Can I engage someone to help me with my grant?

 The decision to engage a third party to assist with your grant application is an individual decision. Austrade will ensure the application and milestone reporting processes are as simple as possible, with clear guidance. Austrade will ensure that the application and milestone reporting processes are as simple as possible, with clear guidance. 

Will I always get the amount I apply for? 

Your grant agreement may be for less than the amount you applied for.

  • Each year the Government allocates a set amount of money for EMDG (the appropriation).
  • The EMDG program is an eligibility-based program. This means that all SMEs who apply and are eligible will receive funding.
  • As a consequence, where applications total more than the amount provided in the appropriation, Austrade must distribute that money among all applicants.
  • How that distribution is calculated will be notified to all approved applicants and on the Austrade website. 

When will I know how much my grant is for?

Once all applications have been received, Austrade will calculate the distribution of available funds for all eligible applications. Following assessment, if you are eligible, you will receive a grant agreement that will tell you how much your grant is for. Your obligation is to match, at a minimum, the dollar value of the grant monies you receive, noting:

  • If you spend more, you will not receive more grant money. The amount in your grant agreement is the maximum you will receive.
  • If you spend less, you will only receive an amount equal to the amount you contributed.
Read more...

Tailored Accounts reviews “NDIS Readiness Report 2016” by BDO Australia

Are Not-For-Profit Organisations ready for NDIS new model?

Over the past three years, and particularly since the NDIS Rollout arrived at all states in Australia, there is a projection of a fundamental change to support the NDIS new model. The new model allows NDIS participants to gain control over the funding without going through disability service providers.

Not-For-Profits Organisations have experienced challenges in adapting with the new NDIS model. They will have to change their fund reception structure from government block grants to individually funded clients. The major concerns of Not-For-Profit organisations are reflected in “NDIS Readiness Report 2016” by BDO Australia.

 

Key findings of the research consider the uncertainties of Not-For-Profit organisations in adapting with the NDIS change. Concerns regarding standard of service delivery and re-position of “Not-For-Profit” status are mentioned as an evidence of change resistance amongst Not-For-Profit organisations. Technology, financial, and human resource have now become crucial to enhance the “readiness” of these organisations.

In the complex and highly individualised system of NDIS, prominent challenges are identified as long term organisational survival and financial sustainability. It is clear to realise the Not-For-Profit organisations have yet had their strategy to adapt their service scheme and finance reform to serve Australians with disabilities under the new NDIS model.

Read more...
Subscribe to this RSS feed