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April, 2019

Further Statement from Opposition on R&D Tax Policy

April 26th, 2019

Opposition spokesman on innovation policy, Ed Husic has recently discussed R&D Tax Incentive during an interview by  InnovationAus.com. Mr Husic’s comments come after the cost of the R&D Tax Incentive programme was reduced in the forward estimates published in the recent  federal budget. Husic stated that  “Labor absolutely and fundamentally recognises the powerful place occupied by the RDTI in the minds of the Australian startup community, and we do not want to make changes that affect the startup community’s ability to […]

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DuluxGroup Takeover Shows Impact R&D Investment Can Have On Company Value

April 23rd, 2019

It has recently been announced that DuluxGroup’s board has accepted an offer to be taken over for $3.8 billion by Japan-based Nippon Paint Holdings; DuluxGroup has been one of Australia’s largest investors in corporate R&D, and has been a strong advocate for maintaining stability of the Australian R&D Tax Incentive. DuluxGroup were also actively involved in: The recent senate economics committee hearings into the proposed changes to the R&D Tax Incentive, which were recommended to be deferred following the committee’s review; The […]

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Labor Statements on Innovation Policy

April 16th, 2019

Opposition Innovation, Industry and Science Spokesman Senator Kim Carr has been quoted in the AFR today with respect to Labor’s innovation policy during the federal election campaign. Carr Indicated that if Labor were to win the election, he would work with AusIndustry, the ATO and Treasury with respect to reviewing the processes for compliance assessments of R&D claims. Carr indicated that striking a balance between programme integrity and ensuring that claimants aren’t treated unjustly is important to ensuring the best […]

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Global Veterinary Surgical Instrument Projected Growth due to R&D Incentives

April 8th, 2019

A study involving some of the biggest veterinary surgical instruments manufacturers predicts a growth of approximately 6.5% during the forecast period 2018- 2023.   The growth is as a result of the rise in R&D expenditure, product innovation and demands in pet care on a global scale as the market is increasing going more competitive. Per a geological analysis, North America is expected to be on the forefront of this market followed by Europe. Asia- pacific will be expected to […]

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