Senate Passes Innovation Tax Incentive Legislation – 4 May 2016

Earlier today the Senate passed the Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016. This Legislation which is expected to be in force on 1 July 2016 provides generous tax incentives for investment in eligible new innovative companies. Techboard Panel of Experts member and BDO partner Marc Loftus has prepared a summary of the bill that can be downloaded below.

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Over the coming weeks Techboard will be bringing you updates about this important legislation and its application for both Companies and Investors and other developments relating to Investing in Australian Startup and Technology Companies.  Signup to Techboard to stay informed.

Techboard Team

4 May 2016