Government · 1 deal
Every published round Australian Taxation Office took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Queensland Pacific Metals | Grant | 7 May 2024 | $15.8m | Lead | @AuManufacturing (Mon 15 Jul 2024), @AuManufacturing (Tue 7 May 2024) |
Companies Australian Taxation Office has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Queensland Pacific Metals | 7 May 2024, Grant | 1 | 1 |
Fund closes reported for Australian Taxation Office, as distinct from the investments it has made.
Companies Australian Taxation Office has backed that another company then bought. An exit for the holding, not a deal Australian Taxation Office did.
| Name | Role | Sources |
|---|---|---|
| Joyce Ong | National Tax Governance Lead for Private Wealth (former) | Startup Daily |
Stories naming Australian Taxation Office. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Advisers warn that ATO audits and years-later repayment demands are destabilising firms claiming the R&D tax incentive, citing BindiMaps' administration and sale, as the government prepares to overhaul the scheme from 2028.
A liquidator suspects the Big Smoke, Alexandra Senter's publishing and marketing agency, spent years unable to pay debts before collapsing owing over $4 million, much of it to the tax office and her family.
Lexaria Bioscience agreed immediate warrant exercises to raise about $5.9 million gross, cutting exercise prices, with H.C. Wainwright placing; proceeds plus an Australian tax rebate may carry operations and R&D into 2027.
Technology contractor HiTech Group has agreed to acquire recruiter Hudson's Australian operations for A$7 million upfront, with the deal revealed in an ASX statement after a management buyout was rejected.
ANNA's Australian operation obtained its financial services licence and rolled out Apple Pay, Google Pay and Mastercard checkout alongside ASIC and ATO integrations, letting small firms manage payments and tax in one place.
Cosmetics label founded by Anna Ross went into administration; its business was sold to a Fergus Sully company, leaving crowdfunding backers with nothing, and the New Zealand arm was liquidated.
A Mackay Goodwin tax specialist explains Australia's R&D Tax Incentive, urging eligible startups and SMEs to claim early, and cites MindFlight7's recent refund of more than $150,000 as an example of the cash-flow benefit.
Queensland smart-grid company Elexsys Energy, trading as Planet Ark Power, won federal and state grants and partial Series B backing before being wound up on a tax office application.
Marquee Retail Group, owned by ex-Myer chief Bernie Brookes, has emerged from voluntary administration under a restructuring deed, keeping 400 jobs and The Daily Edited's online business, while its Sydney flagship store shut.
Roundup of Australian manufacturing news: Matrak closes a Series A, Queensland Pacific Metals receives an R&D tax refund, ARENA funds a household energy trial, Ampcontrol appoints a transformation chief, plus policy and launch briefs.
Also @AuManufacturing
Plutora's Australian arm entered administration over an ATO grant dispute, owing about $38 million. Ex-backer Macquarie Bank sold its 45 per cent stake for $1, while Enov8 and Innovo offer affected customers free migration.
Recce Pharmaceuticals secures an $11.2m advance from Endpoints Capital against its research rebate, plus a record $54.9m federal overseas finding, easing pressure on its drug-development spending.
Also Early VC
Australian accounts payable automation provider SpendConsole has entered the Middle East by opening a Dubai office, prompted by regional e-invoicing mandates and a newly signed major tea company customer.
Roundup of manufacturing news: Namoi Cotton agrees a takeover scheme with Louis Dreyfus, Bio-Gene receives an R&D tax payment, SPEE3D and NIOA appoint executives, and Cicada opens workshop applications.
Financial CPD training startup Nuggets Academy secured $700,000 with Antler Australia leading, LaunchVic's Alice Anderson Fund and customer angels also backing; cofounder Ross Lin previously founded ASX-listed Jayride.
Roundup: ClearVue gets a $935,000 research tax credit; UNSW and Northrop Grumman Australia team up on quantum communications; Sentinel Boats shows an autonomous vessel; UOW leads national research rankings; LETA welcomes CCS progress.
Roundup of manufacturing news: Vaxxas secures CEPI funding and a CRC-P grant, Hastings gains an increased NAIF loan, Bio-Gene receives an R&D tax incentive, plus jobs data and a skills consultation.
Manufacturing roundup covering Cyclopharm's tax incentive payment, Carbon Revolution's government grant payments, CEFC's wind farm debt commitment, Adbri's land sales, a Monash energy report and a Wollongong research showcase.
Also RenewEconomy
Digital tax platform Selfmade is raising A$2 million for customer acquisition and has hired ex-Xero product executive Ben Styles; its founders previously took a fintech to an ASX listing.
Manufacturing roundup: 3D Metalforge raises funds via placement, Recce Pharmaceuticals lands an R&D tax rebate, CoDeAc unveils a nuclear detection solution, A2EP plans a webinar, and Varley Rafael advances local missile production.
Sydney product consulting firm Terem Technologies raised $3 million led by Parc Capital, planning acquisitions to challenge big-four consultancies, with clients including Qantas, IAG, ATO and MYOB.
Camel milk agritech company Good Earth Dairy has passed A$1.25 million of a A$2 million crowdfunding raise ahead of a planned IPO, with a prior seed round and government grants also noted.
Long-time Australian Salesforce integrator Arxxus went into liquidation in February 2020 owing millions, including to Salesforce Ventures; the piece retraces its funded rise and rapid financial collapse.
Also ARN (ARNnet)
Salesforce partner Arxxus has entered administration owing creditors, including Salesforce Ventures and the tax office, more than $5.4 million, with liquidation likely; most local staff were let go and its app is being sold.
Daily tech roundup covering WeWork's cash crisis, Airbnb handing host data to the tax office, an iPhone USB malware flaw, a government-funded RMIT research centre, and two fintechs entering Suncorp's incubator.
Kazia Therapeutics confirmed it received an R&D tax rebate from the Australian Taxation Office for the 2018 financial year, with funds earmarked for its clinical programs.