News and Announcements
Universal Biosensors Receives $9.36m Under the R&D Tax Incentive
- Published October 04, 2016 1:59PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
30th September 2016, ASX Announcement
Universal Biosensors (ASX:UBI) today announced it has received $9.36M in cash under the R&D Tax Incentive for the 2015 financial year noting it had recorded a receivable of $9.20M in its financial statements.
The R&D Tax Incentive is an Australian Government program developed to assist businesses recover some of the costs of undertaking research and development. Under this program companies receive cash refunds for 45% of eligible expenditure on research and development.
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