From williambuck.com: The Research and Development Tax Incentive in Australia offers businesses a tax offset to encourage R&D activities, with rates varying based on aggregated turnover.

To be eligible, companies must demonstrate core R&D activities, incur a minimum of $20,000 in eligible R&D expenditure, and maintain proper documentation for claims.

Companies are advised to take specific actions before the financial year-end, such as paying employee superannuation liabilities and prepaying expenses, to maximize their claims.