Perth based Hazer Group Limited is a pioneering ASX-listed technology development company undertaking the commercialisation of the HAZER® Process, a low-emission hydrogen and graphite production process. The company’s process enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite, using iron ore as a process catalyst.

The company’s prior ASX announcements over recent months noted that the company had been engaging closely with the ATO on the R&D Tax Offset refund for the FY22 period. Large refundable R&D Tax Offsets can often be subject to ATO integrity reviews (where refunds are retained by the ATO under section 8AAZLGA of the TAA 1953) prior to release of the R&D Offsets while the ATO verify claims, and such a process may or may not have occurred in this instance.

Hazer Group Limited’s R&D Tax Offset refund of $9.45M (indicating R&D Expenditure of approximately $20M for the period) is one of the largest refunds for a non-biotech company that has been reported under the R&D Tax Incentive in recent years.

Please get in touch with our office if you would like to speak to someone about a potential  R&D claim, or check out our website for more information.

The post Hazer Group Ltd Reports approval of $9.45M FY22 R&D Tax Offset in FY22 first appeared on Swanson Reed.