There is no denying that the buzz word, ‘start-up’ has become politically fashionable as Malcom Turnbull increasingly broadcasts his enthusiasm for an innovative Australian culture. With no signs of slowing down on the innovation agenda, this week marked the beginning of ‘Start-up Week’.  Another motion leading to huge expectations of the Turnbull government’s Innovation Statement due before Christmas. Certainly, Turnbull’s passion for innovation has injected a renewed confidence in Australia’s digital future and for potential start-up companies. However, many start-ups may […]
Soon to be nestled on the foreshore of the Sydney Harbour is a technology marketplace that rivals the likes of Silicon Valley. That is at least the NSW government’s anticipation for Australia’s first digital district, ‘Silicon Harbour’ – a purpose built hub to unite the global giants of tech world with start-up entrepreneurs, business incubators and accelerators. Indeed, the government’s support of an innovation agenda and local start-up network is showing no signs of decelerating. However, since the technology sector is […]
The Australian Tax Office and AusIndustry have issued guidance to alert companies against claiming the R&D tax incentive for business-as-usual farming activities. Expanding on this, ATO Deputy Commissioner Tim Dyce said that usual business expenditure is normally not eligible under the incentive and the law contains a number of requirements which must be satisfied in order for activities to be accepted. He further explains, “we’re seeing farmers applying soil treatments across their property, in some case thousands of hectares, which […]
The Turnbull government have voiced their opinion on changing Australia to be more innovative, namely by endorsing start-ups. Early this month, Wyatt Roy, the Assistant Minister for Innovation, cited about how Israel transformed itself into a modern economy with more start-ups per capita than any other country, and how Australia could do the same to position ourselves as a world leader. The Turnbull government has already revealed that they are working on a major innovation agenda with crowdfunding for start-ups […]