Home » News » Industry Specific Issues

Industry Specific Issues

Policy Changes: Driving Innovation or a Reaction to Trends?

March 9th, 2016

Using the medical technology (medtech) industry as an example, we pose the question: do policy changes fuel innovation, or are they merely a reaction to emerging trends?  Over the last three decades, medical technologies have transformed many previously untreatable diseases into manageable long-term conditions. However, as the global disease burden evolves there is a continuing need to develop new and more effective medicines.  As a result, companies operating at the intersection of technology and medical science are attracting increasing attention as […]

Read More

CSL urges cuts to advanced manufacturing tax rate

August 4th, 2015

Australian biotech company CSL is calling for a lower advanced manufacturing tax rate. Last year the company decided to build a $500 million plant in Switzerland over Australia due to factors such as proximity to market, availability of staff, market experience and, specifically, a lower corporate tax rate within the country. CSL’s chief financial officer, Gordon Naylor, acknowledges tax is not the only deterrent to doing more in Australia, he says it’s a central element. That’s why CSL is pushing […]

Read More

GHP 104 160 689 Pty Ltd v FCT [2014] AATA 515

April 13th, 2015

Summary of 104 160 689 matter Taxation Ruling – TR2013/3 Click Here  Taxation Ruling: TR 2013/3A1 – Addendum Click Here GHP 104 160 689 Pty Ltd v. Commissioner of Taxation Click Here The ATO has issued a Decision Impact Statement in relation to the recent decision handed down in the AAT, GHP 104 160 689 Pty Ltd and FCT [2014] AATA 515; 2014 ATC 10-373 The case concerned whether certain expenditure was to be disallowed deductibility at the rate of […]

Read More

Innovation is the key to survival for Australian Manufacturers

March 17th, 2015

A recent manufacturing showcase in Dandenong, Melbourne, hosted by the Industry Capability Network and the Victorian Department of State Development, Business and Innovation brought together more than 550 representatives from various manufacturing sectors to discuss future changes and opportunities in the manufacturing industry. The event provided a valuable forum that focused on how manufacturing businesses are evolving through innovation in areas such as product design, R&D, information and communications technology and leadership. There was a strong focus on the importance […]

Read More

Categories

Archives