Hatch Project Substantiation Tracker

Please complete the following R&D Project Substantiation Tracker to help us determine if your project qualifies for the R&D Tax Incentive benefit.

If you are the Project Manager for more than one project, you need to complete the survey for EACH project. There will be a link at the end of this survey that will allow you to begin again.

* R&D Project Name:

* Project Number:

* Project Manager:

* Client (if none, then 'Internal')

Estimated project commencement: (month/year)

Estimated project completion: (month/year)

Are you trying to create a new, or improve an existing, product or process?

Yes

No

Not sure

Before you started work on the project, was there a possibility that you may not achieve the technical objectives?

Yes

No

Not sure

Have you planned out the project and worked out the time frame of completion?

Yes

No

Not sure

Please upload any authorisation plans, Capex, Opex, meeting filenotes and photos or drawings of the project.

Is it based on engineering or science principles or 'know how'?

Yes

No

Not sure

Did you develop the intellectual property of the new development?

Yes

No

Not sure

Have you recorded the potential issues and recorded the potential level of catastrophes?

Yes

No

Not sure

Are you aiming to exceed statutory requirements?

Yes

No

Not sure

Do you have the following: authorisation plans, Capex, Opex, meeting filenotes and photos or drawings of the project?

Yes

No

Not sure

Thank you for participating in the survey. It seems as though your project is not eligible for the R&D Tax Incentive. If you have another project, please click here to begin the survey again.

What are the technical objectives of the project?

What changes are you making to an existing process/product? (ie what are the different parameters or variables?)

Why do you think these changes will work?

Describe the major differences between this development and that of your closest competitor.

Please do a Google search on the closest possible competitor product/ process in the market, regardless of how different it is to your own. Please note that 'nothing' or 'there isn't one' is not an adequate response.

Please copy and paste the link for this search into the text box below.

All Hatch projects relating EPCM, JV or Time/Material Consulting work must take consideration of the following issues: beneficial ownership, control, financial risk, in-house software development and guaranteed return to investors.

If your project is considered 'high-risk', please rate the it according to the following '5 Star' rating risk assessment, where 1 is the highest risk and 5 is the lowest risk.

On Own Behalf Issues 73B(9):

Ownership

1. Client owns IP, Hatch has no right of use - therefore only knowledge

2. Client owns IP, Hatch has express right of use

3. Contract silent as to IP

4. Contract expressly states Hatch owns IP, client has right of use

5. Developed internally, Hatch owns IP / std Hatch terms of engt

Financial Risk

1. Full reimbursement clause

2. Full reimbursement but with not-to exceed clause or 100% at risk due to warranty clause

3. Agreed fee

4. Developed internally at Hatch's cost

5. Hatch incurred costs where went over budget and unpaid

Control (EPCM & JV only)

1. Hatch has no control over project and is under full direction of JV partner or proponent

2. Hatch shares control equally with JV partner and/or proponent

3. Hatch controls all relevant technical components it holds expertise in

4. Hatch controls parts of project it owns and takes risk

5. Hatch has full control over all aspects project with all works

In-house software

1. Fail to sell (eg internal use only)

2. Not sold to client but used to prepare reports for clients etc

3. Pass, intended for multiple sale

4. Eligible as supporting activity

5. Not applicable

73CA Issues:

Key: Guaranteed Return to Investor

1. Full reimbursement clause in EPCM or General Time /materials Consulting Contracts

2. Full reimbursement but with not-to exceed clause or 100% at risk due to warranty clause

3. Agreed fee (Fixed Price) w/ extra at Hatch's risk

4. Developed internally at Hatch's cost

5. Hatch incurred costs where went over budget and unpaid.