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The Fundamentals of Claiming Overseas R&D

May 17th, 2016

Investing in research and development (R&D) is key to increasing innovation, productivity and competitive advantage. It is not only beneficial for businesses, but is also advantageous for the economy of our country. In fact, for many multinational companies, Australia has become the centre of their global R&D activities. This is primarily due to a highly skilled workforce, suitable infrastructure and a favourable R&D tax incentive program. Australia’s R&D Tax Incentive, which has replaced the R&D Tax Concession since the 1st of July […]

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Bill Ferris Calls for Stronger R&D Collaboration Ties

May 11th, 2016

Undeniably, research and development occurs in universities and in businesses – but there remains little connection between the two. Bill Ferris, chair of the federal government’s Innovation Australia, shared similar views when he spoke at a seminar in Sydney hosted by the Young Presidents’ Organisation this week. Specifically, he proposes that Australian business needs to step up its ties with universities and research organisations. Ferris further goes on to state that Australia ranked last in the list of 26 OECD […]

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The Role of the R&D Tax Incentive in Australia’s Research & Innovation Future

May 10th, 2016

With the release of the Australian Innovation Agenda in December 2015, Australia is experiencing significant economic and social change. Indeed, we are now entering a new era in which technology, research and ideas will become our most valuable cargo. Successfully leveraging these changes will ultimately require a social focus on innovation, collaboration and digital disruption. In regards to this, the Australian Parliament’s Trade and Investment Growth Committee have recently published its report entitled Inquiry into Australia’s Future in Research and Innovation. The report investigates […]

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Mature Companies vs Start-ups: R&D Tax Incentive Benefits

May 6th, 2016

In today’s modern society, businesses are moving at an accelerated pace and bigger companies are facing threats from smaller, digital competitors. At present, few companies can escape the all-pervasive impact of digital disruption as it streamlines business relationships, overhauls logistics processes and revolutionises markets across every sector. Yet, when an organisation matures to a medium or large concern, it can lose some of the innovative drive which brought its success, and thereafter begins to fade. Innovation, by its very nature, involves taking risks […]

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