Audit Assistant Tool

Audit Assistant Tool  

The company is/was early stage at the time of investment in new shares? *
The company passed on the Innovation Test (Points)? *
The company passed on the ESIC Principals Test?*

Early Stage Test

Early Stage Test  

Were any of the company's equity interests listed on a stock exchange at the test time?
Was the company early stage at the time of investment (taken from incorporation date and the date of investment)
Total assessable income of $200,000
Show that the total tax expenses incurred by the company and its 100% subsidiaries was less than $1,000,000
The incentives may not apply to sophisticated structured ventures. Show that the company was undertaking innovation activities solely on its own, or that the ownership structure did not defeat the purpose of ESIC concessions.

Principals (point) based test

Principals (point) based test  

Select any or all of the following that applies to the company: *

Innovation based test

Principles-based test   

Received an Accelerating Commercialisation Grant
Having Greater than 50% of the company total expenses are R&D
Having between 15% and 50% of the company total expenses are R&D
Undertaking an Eligible accelerator program
An independent investor paid $50,000 or more for new shares, prior to your investment
Company ownership of standard patent or breeders right granted in the last 5 years
Company ownership of innovation patent or design right granted in the last 5 years
Written co-development and commercialisation agreement with a research organisation