13/05/2026
🚀 Big news for the Australian R&D Tax Incentive landscape following last night’s Federal Budget announcement!
A range of proposed reforms to the RDTI scheme are on the table, including changes around eligibility, refundability and offset rates. While there’s plenty for the industry to unpack, the important thing to know is that these changes are not proposed to commence until 1 July 2028, meaning they would first apply to FY2029 R&D applications, not current claims or immediate planning.
There will likely be a lot of discussion, consultation and clarification over the next couple of years, so don’t panic just yet 😅
If you’re unsure what the proposed reforms could mean for your business, project or future R&D strategy, feel free to reach out to the RADBE team anytime 💡
