Hazer Group Ltd (HZRGF)

[delerious1]

FY24 R&D TAX REFUND OF $5.1 MILLION RECEIVED
PERTH, AUSTRALIA; 20 November 2024: Hazer Group Ltd (“Hazer” or the “Company”, ASX: HZR) is pleased to
announce the approval and receipt of its FY 2024 Research and Development (“R&D”) tax incentive refund of
$5.092 million.
The refund is related to eligible R&D expenditure incurred during FY 2024. A further refund is expected next
year in connection with expenditure incurred in the current financial year.
The Australian Federal Government’s R&D Tax Incentive program provides a cash refund on eligible research
and development activities performed by Australian companies and is an important program that strongly
supports Australian innovation.
Glenn Corrie, Chief Executive Officer of Hazer Group, said, “This substantial R&D tax incentive refund
demonstrates Hazer’s ongoing development and scale up of our world-class, industry-leading technology. These
proceeds further strengthen our liquidity enabling us to drive forward our commercialisation strategy.”
Authorised for release by the Board of the Company.
[ENDS]
For further information or investor enquiries, please contact:
Corporate Enquiries
Hazer Group
Email: [e-mail]
Phone: [phone]