News and Announcements
UBI Receives Cash Payment of $8.2M Under the R&D Tax Incentive
- Published July 09, 2015 4:14PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ASX Announcement, 9th July 2015
Universal Biosensors, Inc. (ASX:UBI) today announced it has received $8.2M in cash under the research and development tax incentive relating to the Company’s FY14 research and development expenses.
The research and development tax incentive is one of the key elements of the Australian Government’s support for Australia’s innovation system. It was developed to assist businesses to recover some of the costs of undertaking research and development. The research and development tax incentive provides a tax offset to eligible companies that engage in research and development activities.
To read the full announcement, please click here.
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