Following the review
In response to the review, the Government announced R&D Tax Incentive reforms aimed at improving the integrity and effectiveness of the program. These reforms were announced as part of the 2018–19 Federal Budget.
Revised legislation, the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019, was introduced into Parliament in December 2019.
Enchanced reforms were announced in the 2020-21 Budget. These reforms supersede the 2019 Bill.