C7A 0.00% 1.2¢ clara resources australia ltd

A grant system was set up some time ago in the federal...

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    A grant system was set up some time ago in the federal government to encourage investment in penny dreadfuls developing R&D. A misguided attempt to inspire an "Innovative Australia", they hired a KPMG or Deloitte equivelant to come up with ways to foster innovation.... as usual they defaulted to "give money"... but only to listed entities or entities that have been generating revenue for 3+ years with X amount of revenue. Long story short all it did was limit the risk a little for investing in penny dreadfuls and provide free money to already established business.... it inspire zero innovation.

    What washed out of this was that if accepted as an legit R&D project, the government would refund monies back to investors based on some proportion of what had been expended.

    i'll try and find some links as its changed recently, back to a tax reduction activity.
 
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