"The R&D claim has been calculated to be $21,562,688 for the period from 1 July 2017 to 30 June 2018.
We considered the R&D tax incentive a key audit matter due to the amount of the claim and because significant judgement and interpretation of the R&D tax legislation is required to assess the eligibility of the R&D expenditure under the scheme."
"significant judgement and interpretation of the R&D tax legislation", if that in any way considers the best interests of Australian taxpayers NTU is in more crap than the early settlers.
Ann: Variation to Loan Agreement, page-3
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