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Industry Specific Issues

Greens Call for Increased Agriculture R&D in Their 2016 Election Policy

May 19th, 2016

As Australia barrels towards an election on July 2, major parties have been announcing excerpts of their policies as the week progresses. Most recently, the Greens have unveiled their election policy for 2016, boasting a large focus on agriculture and abandoning the higher taxes for working holidaymakers (“backpackers tax”). However, the centrepiece of the Green’s policy was a pledging for extra funding for research and development (R&D) and Landcare. In specific, the party is aiming to convert farmer voters with a promise to […]

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Big vs Small Companies: Who Spends More on R&D in Australia?  

May 13th, 2016

Research and development (R&D) by small companies is thriving, providing positive news for Prime Minister Malcolm Turnbull’s drive for businesses to be more innovative in the post-mining boom. To elaborate, new findings in the federal budget papers reveal that small companies spend proportionally more of their revenues on research and development than large ones. In specific, companies with turnover of less than $20 million are the key attributors to the surge in R&D spending in Australia. The federal budget further forecasts that […]

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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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