Research & Development

Research & Development lawyers servicing Melbourne

Whether you are an established R&D company, or just starting out, it pays to get things right from the outset. The experienced Research and Development lawyers at Lancaster Legal support Melbourne businesses throughout the R&D process.

Whatever stage you are at, our R&D lawyers can advise you on the most appropriate structure for going forward in any research and development enterprise including:

  • Research collaboration agreements
  • Joint ventures
  • Commercialisation agreements
  • Consultancy agreements
  • Start-up and spin off company formation.

R&D tax incentive applications

In a bid to increase innovation in Australia, the Australian Government introduced a Research and Development tax incentive program, jointly administered by the Australia Taxation Office (ATO) and AusIndustry.

The R&D Tax Incentive Program provides a tax offset for eligible Research and Development activities by reducing a company’s income tax liability via:

  • a refundable tax offset for eligible entities with an aggregated turnover of less than $20 million
  • a non-refundable tax offset for all other eligible entities.

There are certain criteria that businesses must meet in order to be eligible for the R&D Tax Incentive Program. At Lancaster Legal, our experienced R&D lawyers will thoroughly assess your business, ensuring you meet all eligibility and compliance requirements before lodging your R&D tax incentive application with AusIndustry and working with your accountants to obtain your benefit from the ATO.

With a rise in R&D tax incentive applications in recent years, the ATO and AusIndustry have increased review activity – Lancaster Legal clients need not worry. Our R&D tax incentive work will stand up to ATO and AusIndustry audits, providing a no-risk proposition for our clients across Melbourne through our “no result – no fee” engagement for this service. There are plenty of other R&D tax incentive consultants offering services in the market – but ask whether they are licensed (which is a legal requirement), hold professional indemnity insurance and whether they can act on your behalf in a legal capacity.

If you have received a request for further information or been notified by AusIndustry or the ATO that an audit is being conducted in relation to the R&D tax incentive application that another accountant or consultant has filed for you, we can provide you with assistance in navigating this space. As a legal practice, we provide confidential and legally privileged advice to you and ensure that your interests are protected – AusIndustry and the ATO don’t play games with the R&D tax incentive, so you want to make sure you have experienced lawyers acting for you.