As per Division 3 of the Industry Research and Development Act (IR&D Act) an Advance Finding binds the Commissioner of Taxation for the purpose of calculating R & D Tax Offsets. 

Similar to a Private Binding Ruling. An Advance Finding is designed to increase the certainty for a company in relation to whether Innovation Australia considers their planned R & D Activities are eligible under the program.

An Advance Finding by Innovation Australia will bind the Australian Taxation Office (ATO) for the year the application was made and the next two income years.