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Is Innovation Simply a Matter of Mind?

October 15th, 2015

Last week it was reported that Mr Turnbull ordered Mr Pyne, the Science and Innovation Minister, to release his “inner revolutionary” in order to come up with stronger policies to catapult innovation and to let the Prime Minister worry about the money. However, is creating an innovation economy simply about policies and government funding? Certainty, government funding and incentives can drive individuals to be more willing to conduct research and partake in innovation expenditure. However, is creating an innovated economy […]

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Should Australia Mimic the UK’s Tax Breaks? Investors weigh in on the Innovation Agenda.

October 14th, 2015

From “innovation prime minister” to just plain “IT-savvy”, Malcom Turnbull has been coined various titles since his rise to top job and his promise of an innovation agenda for Australia. Certainly, he has been welcomed with positivity amongst the leadership of the country’s tech and innovation industry. However, Malcolm Turnbull must do more than just talk about innovation; he must turn Australia into a hub for innovation and research so that it can compete in a global environment. As mentioned in […]

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Innovation: a New Vehicle of Growth for the Australian Economy

October 13th, 2015

The Turnbull government is focusing on crowdfunding as a top priority and investing in innovation  to move the Australian economy forward.   In a recent report by the IMD World Competitiveness Yearbook measuring the global competitiveness of 61 countries, Australia descended to a rank of 18 — indicating a concerning decline over the last five years. Thus, our ability to innovate and cultivate a resourceful workplace is becoming more vital as our economy shifts away from the traditional mining and […]

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Taxation Ruling: TR 2013/3A1 – Addendum

September 7th, 2015

Summary of 104 106 689 matter Taxation Ruling – TR2013/3 Click Here  GHP 104 160 689 Pty Ltd v. Commissioner of Taxation Click Here Decision Impact Statement – GHP 104 160 689 Pty Ltd Click Here *This must be read in conjunction with the original Taxation Ruling – TR2013/3 Following the AAT decision in GHP 104 160 689 Pty Ltd v. Commissioner of Taxation, an amendment has been made to the Taxation ruling TR 2013/3 to remove the discussion on […]

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