National Audit Office turns microscope on R&D Tax Incentive scheme
March 16, 2021
The Australian National Audit Office is examining the administration of the Research & Development Tax Incentive (RDTI) scheme, including assessing how effectively it is being run, and how ready it is for upcoming changes.
The audit will turn the microscope on the Department Industry, Science Energy and Resources, the Australian Taxation Office and of Innovation and Science Australia, in their running of the RDTI program.
Specifically, it will examine: the effectiveness of assessment, compliance and assurance arrangements under the scheme; the effectiveness of measurement and monitoring arrangements; and the effectiveness of planning for changes.
Department paid $13 million over recommended value for water buyback, Auditor-General calls for review
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TueTuesday 16
The Agriculture Department is reviewing an $80 million purchase of water from the Condmaine Balonne.
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The Australian government paid almost $13 million more than was advised by an independent valuer, in an $80 million deal to secure water from two Queensland farms in 2017.
Key points: Independent valuation suggests government paid almost $13 million more than it was independently advised Department says Eastern Australia Agriculture water deal achieved value for money
The Auditor-General has suggested the Agriculture Department might have paid a lesser amount for the water if it had been aware of the valuer s view at the time .
Australian National Audit Office considering an audit of the Safer Communities Fund scheme overseen by Peter Dutton
WedWednesday 10
MarMarch 2021 at 10:36pm
Home Affairs Minister Peter Dutton overruled his department s recommendations on grant funding for the Safer Communities program.
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The Australian National Audit Office is considering an audit into the administration of the Safer Communities Fund overseen by the Home Affairs Minister Peter Dutton.
Key points:
In February, 7.30 revealed Home Affairs Minister Peter Dutton overruled his department s recommendations on grant funding for the Safer Communities program
Funding guidelines allow the Minister to override the Department s merit-based assessments
The consortium was made up of Stockland, KPMG, Urbis and Smec. The options both focus on fast rail links from Beerwah to Maroochydore along the CAMCOS corridor, with Nambour appearing to remain stuck with the existing track. The two options were estimated to cost between $5.42 billion to $5.85 billion and $9.13 billion to $9.49 billion respectively. The news of Nambour s apparent snub prompted outcry from the Nambour Chamber of Commerce and it was understood Fairfax MP Ted O Brien had sought a full briefing of the business case currently under evaluation by Infrastructure Australia. Long-time Coast rail advocate Jeff Addison said he felt the whole business case process had been suborned .