The R&D tax incentive is acknowledged in the industry as a positive for developing intellectual property, though there’s a push from medical manufacturers and others for assistance in taking IP to the next stage.
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AIM Incentive aims to increase local commercialisation
A group representing Australian medical manufacturers and exporters has proposed taxation changes to a Senate inquiry into Australia’s innovation system.
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NZ opposition announces manufacturing policies
The New Zealand Labour opposition has announced a set of measures that it believes will strengthen local manufacturing.
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Aim high for Australian manufacturing
We should feel proud of inventions like spray-on skin and the electronic pacemaker and we need to continue to encourage innovation.
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KPMG says R&D tax changes not worth the small saving
The federal government’s attempt to remove R&D tax concessions for companies with over $20 billion annual revenues has been criticised.
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Tax breaks, not grants, would help advanced manufacturers: Cook Medical
Cook Medical has spoken of what it sees as a need for tax reform to encourage the development of Australian IP locally.
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Building critical mass – the new Manufacturing Innovation Precinct
The Manufacturing Innovation Precinct is beginning to come together, and is looking for those with a “can-do” attitude to help it be as useful to as many companies as possible. Brent Balinski talked to chairman Albert Goller about what’s behind the program.
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Federal government failing to encourage innovation, says Dyson vacuum inventor
Inventor Sir James Dyson has criticised Australia’s tax laws, saying that they don’t encourage entrepreneurs.
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Federal government announces manufacturing innovation precinct
Cuts to R&D tax credits to some of Australia’s biggest companies will fund a network of innovation precincts, the first of which will be dedicated to manufacturing.
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Gillard announces measures to encourage local content on major projects
The federal government announced its plan to boost local participation in major projects, funded by a cut in R & D tax concessions to Australia’s biggest companies.
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