Tellus Receives $1.8m Research And Development Refund
Tellus Holdings Ltd (“Tellus”) is pleased to announce that the Company has received a cash refund through the Australian Federal Government’s Research and Development Tax Incentive Program of approximately $1.8 million.
The Research and Development (R&D) tax incentive is an Australian Government program under which companies receive refunds for 43.5% of eligible expenditure on R&D.
The R&D refund relates to Tellus activities conducted in the 2018/19 financial year.
”Tellus is committed to contributing to a cleaner Australia and providing clients with a range of best practice solutions for difficult to manage waste materials” said Tellus Managing Director, Duncan van der Merwe ”The company continues to actively research and develop sustainable solutions for long term waste management.”