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Research and Development Tax Incentive
9 Months Ended
Sep. 30, 2022
Research and Development Tax Incentive  
Research and Development Tax Incentive

Note 8. Research and Development Tax Incentive

The Company did not recognize any research and development cash tax incentive from the Australian Tax Office (“ATO”) during the three and nine months ended September 30, 2022. During the three and nine months ended September 30, 2021, the Company recognized AUD 0.6 million ($0.5 million) and AUD 2.9 million ($2.2 million), respectively, as a reduction of research and development expenses in connection with the research and development cash tax incentive from the ATO. As of December 31, 2021, the research and development cash tax incentive receivable was AUD 3.8 million ($2.8 million). There was no cash tax incentive receivable balance as of September 30, 2022.