From www.pwc.com.au: As the financial year closes, companies utilizing the R&D tax incentive should prepare for potential regulatory reviews by the Department of Industry, Science and Resources and the ATO.

DISR evaluates the eligibility of R&D activities, while the ATO focuses on the deductibility of related expenditures, each with their own review processes and timelines.

Claimants are advised to maintain meticulous records and ensure compliance to defend their claims effectively.