General Information

Architecting the Internet of Things (IoT): How the R&D Tax Incentive Can Help

March 21st, 2016

In Australia, the discourse of business and government is rife with mentions to innovation, disruption and dexterity. As a result, the policy settings of government and our macroeconomic environment has seen a shift in the traditional backbone of our economy. We’ve moved from a mining-led economy to one which is increasingly driven by technology and innovation. Consider, for example, the fact that by the turn of the century there were approximately 200 million objects connected via the Internet, predominantly human-operated […]

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R&D Tax Incentive Deadline Looms

March 17th, 2016

‘Innovation’, the term alone has somewhat formed a place in the Australian vernacular in recent months. The buzzword skyrocketed into popularity when Prime Minister Malcolm Turnbull issued its National Innovation and Science Agenda in December, detailing plans to increase innovation, entrepreneurship and reward risk tasking. Thus, with Australia embarking on an ‘ideas boom’ in 2016, the role of research and development (R&D) may become pivotal to businesses in the private sector. With this in mind, when it comes to government incentives […]

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St Patrick’s Day Special: Could You Be Claiming the R&D Tax for Beverage Innovation?

March 16th, 2016

March 17th, the annual holiday honouring Irish heritage—or of a cartoon version thereof anyway—is indeed a day worth celebrating for the makers and purveyors of whiskey, beer and green attire. However, holiday or not, the whiskey beverage industry may already be celebrating due to a soar in popularity in recent years. In fact, Australians now drink almost 19 million glasses of whiskey in an average four weeks—around three million more glasses than in 2009. Moreover, young Australian’s in their 20s […]

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Biotech Firms Warn Against Changes to the R&D Tax Incentive

March 14th, 2016

There is a pervading fear in Australia that our best and brightest are failing to find opportunities locally and are instead vying for work overseas. ‘Brain Drain’, as it’s coined in public discourse, has subsequently become one of the key concerns for the Australian Government. Thus, as a response to dwindling innovation levels and in attempts to reverse the ‘brain drain’, the Australian government released the National Innovation and Science Agenda in December last year. In launching the agenda, the […]

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