On 6 February 2020, the Senate referred the provisions of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 to the Economics Legislation Committee for inquiry and report by 30 April 2020. Following a resolution of the committee, and in accordance with the motion agreed by the Senate on 23 March 2020, the reporting date for the inquiry has been extended to 7 August 2020.
Submissions closed on 6 March 2020.
In light of the global COVID-19 (coronavirus) pandemic and consequent health risks, all previously scheduled face-to-face public hearings of the Senate Standing Committees on Economics have been postponed until further notice. However, the committee is examining the potential of conducting some hearings via teleconference and will be in contact with relevant stakeholders. In the interim, please check the committee website for any updates.