It might pay for you to familiarise yourself with information...

It might pay for you to familiarise yourself with information about the R&D refund scheme which is readily available on the net. It's actually up to the company to ensure claims meet the eligibility criteria and the correct amount claimed in the tax return. The ATO assumes the tax return has been completed in good faith. It will investigate claims if it deems necessary.

Some very helpful info with guides and examples can be found at the links below:

https://www.business.gov.au/assista...ources-library?anchor=fact-sheets#fact-sheets

https://www.ato.gov.au/Business/Res...Checklist-for-claiming-the-R-D-Tax-Incentive/

• if the Department of Industry, Innovation and Science makes a finding on your registration or the ATO conducts a review on your R&D claim, and it is determined that all or part of your R&D activities are not eligible, then your tax return will be amended and penalties and interest charges may be applied.