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University of Queensland Secures $22.6 Million in Research Grant Funding
June 9th, 2017The University of Queensland (UQ) has secured more research project funding than any other university from the Australian Research Council (ARC) grants. A total of $22.6 million was announced for 17 projects, including biotechnology, cultural history, quantum systems, antibiotic resistance and ecological impacts of cattle production. UQ ranked second for total funding. 14 new Future Fellowships were awarded to researchers, with UQ securing $12.1 million out of $77 million in ARC Future Fellowships funding. The projects span broad areas of […]
Cairns Could Become Australia’s Innovation Capital
May 30th, 2017James Cook University is expanding towards the city centre with the development of a tropical innovation hub. The Cairns Innovation Centre (CIC) project will consist of a $40 million Innovation Lodge, a $50 million Tropical Enterprise Centre and a $33 million Tropical Sports Conditioning Centre. To help drive collaborations in health and education, it will be placed close to Cairns Hospital and Cairns State High School. While capital cities are known as knowledge economies, they are expensive places to live. […]
Uncertainties Resulting from 457 Visa Changes
May 29th, 2017Changes to the 457 skilled migration visas are having alarming consequences, with scientists from abroad turning down top positions in the Australian medical research sector. At least six institutes have had job offers rejected following the changes. Other sectors experiencing major issues include companies who recruit international workers for the engineering, IT, finance and education sectors. In April, the federal budget announced that 457 visas would be replaced with a new TSS temporary visa from March 2018. For 457 visas […]
Rix’s Creek Pty Limited; Bloomfield Collieries Pty Limited v Innovation Australia [2017] AATA 645
May 26th, 2017Introduction The case Rix’s Creek Pty Limited; Bloomfield Collieries Pty Limited and Innovation Australia [2017] AATA 645, refers to two related mining companies which registered and claimed for the R&D Tax Concession for the years 2008 to 2012. After reviews were conducted on the claimed activities, Innovation and Science Australia found that the majority of the activities were not eligible for the R&D assistance. The respective companies opposed this decision and applied to the Administrative Appeals Tribunal for an independent […]
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News & ResearchSwanson Reed: Registered Tax Agent obligations and keeping clients informed
SR Tax Services Pty Ltd (trading as Swanson Reed) is a registered tax agent (Registration number 03718008). The Tax Practitioners Board (TPB) is the authority responsible for regulating Australia’s tax agents. The Government package of reforms to strengthen […]
Robyn Denholm comments on R&D Spending Gap
In recent comments published by The Australian, Robyn Denholm, the Australian-based Tesla chair, has expressed concerns over slowing business investment in Australia, noting that “Australia is not living up to its full potential” in terms of investment and R&D She […]
