Catapult Group International Ltd has been one of the outstanding performers on the ASX over the past QTR, with the value of its shares having increased approximately fourfold from the depths of the COVID-19 Market Lows following the announcements of positive results and trading updates. Media coverage of NFL Training Camps and European football resumptions over recent months has also shown many international players using the wearable technology, quite an achievement for an Australian company. Key highlights from the company’s […]
AusIndustry’s original Guide to Interpretation was published in January 2016, and has been considered the primary document for detailing how AusIndustry interprets key elements of the definition of ‘R&D activities’ as defined in the legislation. Material from the Guide to Interpretation was often referred to by AusIndustry during compliance processes, and it detailed AusIndustry’s position on complex issues, such as: Assessment of the purpose for which R&D Activities were undertaken; The scope of activities that are specifically excluded from consideration as […]
The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (‘the Bill’) was introduced on 5 December 2019 to reform RDTIs. Treasurer Josh Frydenberg described these reforms as “targeting and improving the integrity and sustainability of the research and development tax incentive”. The Bill’s proposed changes included a $4 million cash refund cap for small companies with an annual turnover of less than $20 million. Larger companies with an annual turnover of more than $20 million would have their […]
Converts Lind Debt into Equity Australian heavy rare earths producer, Northern Minerals Limited, has issued 66,666,667 shares to a nominee of Lind Global Macro Fund, by converting $1.2 million worth of convertible security into ordinary shares. Resulting from this conversion, there are no amounts outstanding under the replacement convertible security. In accordance with the terms of the funding agreement entered into with Lind in March 2020, Lind has elected to reduce the collateral shareholding from 60,000,000 shares to zero, by […]