Government Policy and Treasury

Further Statement from Opposition on R&D Tax Policy

April 26th, 2019

Opposition spokesman on innovation policy, Ed Husic has recently discussed R&D Tax Incentive during an interview by  InnovationAus.com. Mr Husic’s comments come after the cost of the R&D Tax Incentive programme was reduced in the forward estimates published in the recent  federal budget. Husic stated that  “Labor absolutely and fundamentally recognises the powerful place occupied by the RDTI in the minds of the Australian startup community, and we do not want to make changes that affect the startup community’s ability to […]

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Labor Statements on Innovation Policy

April 16th, 2019

Opposition Innovation, Industry and Science Spokesman Senator Kim Carr has been quoted in the AFR today with respect to Labor’s innovation policy during the federal election campaign. Carr Indicated that if Labor were to win the election, he would work with AusIndustry, the ATO and Treasury with respect to reviewing the processes for compliance assessments of R&D claims. Carr indicated that striking a balance between programme integrity and ensuring that claimants aren’t treated unjustly is important to ensuring the best […]

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Budget 2019: R&D Tax Incentive Programme Cost Reductions with No Specific Detail

April 3rd, 2019

The Federal Government handed down their budget on 2 April 2019 and whilst there appeared to be no specific new changes proposed to the R&D Tax Incentive, the forward estimates cost of the programme is projected to reduce by $1.35 billion. It is not clear whether this cost reduction is a product of: The legislative changes proposed in the last federal budget being introduced. These changes were recently the subject of a Senate Economics Committee review that recommended the changes […]

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Opposition Policy on R&D Tax Incentive

January 17th, 2019

With a federal election due over the coming months, the opposition labor party have made some announcements with respect to their policy on the R&D Tax incentive. The original R&D tax incentive legislation was enacted whilst the labor was in power. Labor have committed to maintain the R&D tax incentive as the primary lever to induce business R&D. Labor have indicated they would look to incorporate the collaboration premium within the R&D tax incentive for expenditure on activities undertaken in […]

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