Australian R&D tax incentive registrations rose to 13,901 in the 2023/24 cohort

The cohort dates differ from the report dates

IISA's 2023/24 annual report gives a snapshot of the 2022/23 income period at 30 June 2024. Its next annual report captures the 2023/24 income period at 30 June 2025. The table keeps those reference periods separate from the dates on which each snapshot was taken. Source 1 Source 2

Registrations and performing entities are separate counts

The two snapshots show 785 additional registrations and 1,154 additional R&D performing entities. IISA reports each measure independently. The entity count reflects the performers represented by registrations, so its level is higher than the registration count in both snapshots. Source 1 Source 2

First-time participation increased

The number of companies new to the programme rose from 2,568 to 2,914. IISA put their share at 20% and 21% respectively. It also put small and medium company participation at 88% in both snapshots. A new company can be small or medium, so the categories cannot be added. Source 1 Source 2

Expenditure at registration differs from the eventual tax offset

The A$17.7 billion measures estimated research expenditure registered in the programme. The department handles registration and the Australian Taxation Office administers the relevant entity and expenditure rules. The registration figure is distinct from the budget cost of refundable or non-refundable offsets. Source 2 Source 3

Sources

• IISA annual report 2023/24, research and development tax incentive performance
• IISA annual report 2024/25, research and development tax incentive performance
• Department of Industry, Science and Resources, R&D Tax Incentive administration