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AiGroup Warns of Manufacturing Recession as New Industry Minister Tim Ayres Commences

May 20th, 2025

A recent article on InnovationAus.com has covered Australian Industry Group’s (AiGroup) latest Key Industry Indicators numbers, showing that the economy slowed across 2024, and is now in the longest period of low growth since the 1991 recession. AiGroup’s Key Industry Indicators data reveals that the broader economy has seen its longest period of slow growth since the 1991 recession, but manufacturing has been hit hardest, entering a recession, with output contracting at a 1.7% per annum rate in the second […]

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Implications of May 2025 Federal Election Result on Business R&D and Innovation Policy Settings

May 6th, 2025

Business R&D and Innovation Policy settings were not focal point of the recent federal election, which was fought primarily on cost of living. The unsuccessful Opposition Coalition had announced in the lead up to the election that their policies included: Savings by: Scrapping the Future Made in Australia (FMiA) agenda, including tax credits for green hydrogen and critical minerals processing; Winding back the National Reconstruction Fund; Unwinding the expansion of the Australian Renewable Energy Agency that supports pre-commercial innovation in […]

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30 April 2025 Statutory Deadline for FY24 R&D Claims

April 28th, 2025

The deadline for FY24 R&D Registrations is on Wednesday, 30 April 2025. Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2024 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and is 30 APRIL 2025. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent changes place a limit […]

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Swanson Reed Submission to Review of National R&D System – April 2025

April 14th, 2025

In the May 2024 federal budget, The Albanese Government announced a strategic examination and review of Australia’s R&D system to align it with national priorities and improve outcomes. The Government subsequently announced that the review would be led by Robyn Denholm, Chair of Tesla and an experienced leader in R&D at some of the world’s most innovative companies; the review panel also includes: Emeritus Professor Ian Chubb AC, former Chief Scientist and Vice-Chancellor of the Australian National University. Professor Fiona Wood AO, […]

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