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0.8¢ transerv energy limited

Transerv is pleased to announce that it has received $9.3m...

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AcesHigh

2,249 Posts.

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11/01/17

11:35

Post #: 21814697
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Originally posted by Kit67 ↑

The R&DTI merely increases the rebate on expenses, from the company tax rate (30%) to the R&DTI rate (40%), so in essence it is a rebate increase of 10%. To receive $9.3m implies qualifying expenditure of $93m on either "core" or "supporting" R&D activities. At the risk of being a killjoy, the "For Whom" test - which is subject to audit, after confirmation of claim - is defined within the Tax Laws Amendment (Research and Development) Act 2011, and requires the claimant to "bear the financial burden of carrying our R&D activities", "effectively own the know-how, intellectual property of similar results arising from the expenditure on R&D activities", and "has appropriate control over the the way R&D activities are conducted". When I look at Warro I don't see this, so I am just wondering if this is the approval for the R&D Claim, or whether they have actually received the cash for the claim (the tax adjustment into their bank account). Can anyone confirm?

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Transerv is pleased to announce that it has received $9.3m

pretty misleading if they haven't.....

TSV Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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