AUSTRALIA

PetroFrontier wins ATO R&D tax claim

THE Australian Tax Office has paid Canadian company PetroFrontier nearly $1.5 million for R&D tax incentives.

PetroFrontier's subsidiary, Texalta Australia, received $1,447,834 in respect of R&D tax incentives from the ATO, plus accrued interest of $51,679. This announcement follows on from the earlier revelation...

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