"Under the scheme, a company which turns over less than $20 million is eligible to apply for a cash rebate of 45 cents for every dollar spent on research and development activity.
According to a press release in May, 2015, DeMorgan Ltd succeeded in its application for the rebate.
That means DeMorgan were able to prove to AusIndustry that it had spent $120 million on R&D activities in the 2014/2015 financial year, all while turning over less than $20 million. A 45 cent rebate on $120 million works out to $54 million."
"Under the scheme, a company which turns over less than $20 million is eligible to apply for a cash rebate of 45 cents for every dollar spent on research and development activity.
According to a press release in May, 2015, DeMorgan Ltd succeeded in its application for the rebate.
That means DeMorgan were able to prove to AusIndustry that it had spent $120 million on R&D activities in the 2014/2015 financial year, all while turning over less than $20 million. A 45 cent rebate on $120 million works out to $54 million."