Swanson Reed News

$41 million federal funding allocated to Australian National Space Agency

May 21st, 2018

Despite a tip being released that the Australian National Space Agency could receive up $50 million in federal funding, the final announcement of $41 million remained to be a pleasing outcome for all in the industry. The space industry and space-reliant businesses are excited for future expansion plans and partnerships with international space agencies. The official announcement of the agency’s funding in the 2018 budget was extremely exciting for CEO of the space start-up ‘Fleet Space Technologies’, as this was […]

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R&D Tax Incentive Changes Announced in 2018-19 Budget

May 9th, 2018

In response to the recommendations in the ‘2016 Review of the R&D Tax incentive’ the government has announced proposed R&D Tax Incentive changes within the 2018-19 Federal Budget released yesterday, 8 May 2018. The changes take on board some recommendations from ISA’s previous review of the programme, along with some of the government’s own savings and integrity measures. The R&D Tax Offset rate will change, commencing for years on or after 1 July 2018. For companies claiming the refundable offset with […]

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$24 million cash boost for grains industry research and development

May 4th, 2018

The State Government has announced a $24 million cash boost for the grains industry research and development (R&D). This significant investment marks an important step in keeping the industry competitive against the rising threat of Black Sea Competition. The $24 million funding contributes to the already $21 million invested into the WA grains research industry for the next four years. This significant investment will give WA’s grain industry the necessary support to becoming more productive and remaining competitive in times […]

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Proposed R&D Cap Could Hamper Aussie Innovation

May 4th, 2018

With changes to the R&D tax incentive to be announced in next week’s budget, entrepreneurs are hoping that the proposed $2 million cap on annual R&D spend will not go ahead. Treasurer Scott Morrison said the incentive was “Not about writing blank cheques to everyone that has a good idea,” but Aussie startups, who are heavily dependent on the tax credit, believe that the move could curb innovation and have negative long-term effects.  Many believe that the proposed changes will penalise […]

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Bryce Steele
Principal, Melbourne
Tel: (03) 9018 5778
Mob: 0435 713 493
Tom Parkhouse
Principal, Sydney
Tel: (02) 8006 0559
Mob: 0411 718 565
Andy Nguyen
Principal, Brisbane
Tel: (07) 3221 1499
Mob: 0407 750 249
Kieu McKellar
Manager, Adelaide
Tel: (08) 8121 7850
Mob: 0435 713 493
David Greatwich
Principal, Perth
Tel: (08) 9340 3745
Mob: 0468 386 250
Sarah Guan
Manager, Hobart
Tel: (03) 9018 5778
Mob: 0401 262 591

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