The government has today released the latest R&D Tax Incentive (R&DTI) Transparency Report, providing insights into company investment in research and development across Australia.

The report covers the 2022–23 financial year, showing that 12,956 companies invested $16.2 billion in R&D. Of these:

• 6,016 (46%) were small businesses with turnover under $10 million.
• 4,507 (35%) were privately owned and wealthy group entities, not publicly listed or foreign-owned, with turnover above $10 million.
• 2,428 (19%) were public and multinational companies.To improve accountability and voluntary compliance, the report makes data publicly available. The raw data can be accessed via data.gov.au, while detailed analysis is published on the department’s website.

Under legislation, there is a two-year delay between when R&D claims are made and when they are disclosed to address commercial sensitivities. The published dataset includes original and amended expenditure amounts, but does not reflect any adjustments made by the Commissioner.

The transparency report aims to strengthen public confidence in the program and raise awareness of the businesses benefiting from the R&DTI.

Source: ATO Business Bulletins