Yesterday, the 45th Parliament introduced the Budget Savings (Omnibus) Bill 2016 which included a range of measures to progress towards “fiscal repair”. One of these 24 measures was the re-introduction of...
MJA Updates
Policy
Cutting The R&D Tax Incentive By $900 Million – Esoteric or Not Esoteric, That Is The Question
Innovation policy has been getting a decent run in this Federal election campaign. We keep hearing how the word ‘innovation’ is off the banned list and that it’s what is most critical if we are to make the...
2016/17 Federal Budget – When No News Is Actually Quite Good News
Last night’s Federal Budget has little risk of being remembered as an innovation budget. In fact, innovation only got a run in the context of confirming a series of measures previously announced by the Prime...
Cuts to R&D Tax Incentive Appear To Be Dropped
When Malcolm Turnbull requested the Governor General to prorogue Parliament to deal with a hostile Senate, he (most likely unintentionally) caused the Bill to cut the rate of the R&D Tax Incentive by 1.5%...
Submitting to an R&D Tax Incentive Review (Again). Why You Should Bother
Last week, we alerted you to the Review of the R&D Tax Incentive (the Review) as part of the National Science And Innovation Agenda (the Agenda) and to the fact that the Review Chairs have released an...
We have been saying that R&D can be part of business as usual and the AAT agrees
The recent AAT decision, JLSP and Innovation Australia [2016] AATA 23 (22 January 2016) http://www.austlii.edu.au/au/cases/cth/AATA/2016/23.html, is the first decision on the definition of R&D since the...
This time of year, it’s all about the messaging
We think it’s fair to say that people may have got a touch overexcited about what might have been in the Prime Minister’s recent Innovation Statement. There was talk of new funding for competitive grant...
Innovation Statement: R&D Tax Incentive Under Review (Again)
Earlier today, the Prime Minister, Malcolm Turnbull, unveiled the Federal Government’s National Innovation and Science Agenda. Full details of the statement can be explored...
The Innovation Statement – Good As Gold?
Celebrated American author, Joseph Heller, is best remembered for the towering achievement that was “Catch-22”. One of his lesser known (but highly enjoyable) reads is “Good As Gold”, the story of a...
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