The programme is the political in R&D incentives

The Australian National Audit Office is doing a performance audit of the Research and Development Tax Incentive

Not the policy of this endlessly entertaining programme but how the ATO is administering it.

But the policy is inevitably political, given the Government has yet again decided not to redirect some of the TI to support translational research and has created a new patent box incentive for biochemistry industries (see Kim Carr on this in CMM yesterday).

Submissions to the ANAO audit are due next week.