PM flags fresh changes to R&D tax scheme
Prime Minister Scott Morrison has flagged that fresh changes to the government’s controversial plan to cut $1.8 billion from the research and development tax incentive will be included in next week’s budget.
Prime Minister Scott Morrison has flagged that fresh changes to the government’s controversial plan to cut $1.8 billion from the research and development tax incentive will be included in next week’s budget.
As mentioned in an earlier wrap-up of responses to the federal Coalition’s Modern Manufacturing Strategy, the amount allocated — $1.5 billion — has been described as too small, especially given the monumental challenge it addresses.
A four-year collaborative R&D project led by Whiteley Corporation has been joined by University of NSW, which will develop and manufacture additives for use in wound care.
The Australian Industry Group’s Performance of Manufacturing Index has shown the sector record a second consecutive month of contraction, with lockdown-affected Victoria contributing to the negative result.
Military training systems manufacturer GaardTech is preparing to ship its first export for trials by the British Army.
Google’s former top quantum scientist John Martinis, who helped the tech giant achieve quantum supremacy, has joined Australian startup Silicon Quantum Computing, lending significant validation for its approach to the technology.
Shoppers once selected grocery products based simply on price or brand, but now attributes such as “climate-friendly” or “eco-friendly” are part of the consideration.
Visy has reported a big jump in August revenues, following its acquisition of Owens-Illinois Glass for $947 million the previous month.
Applications are now open for NSW government grants to assist companies in PPE production.
Australia has become the fourth country to ratify the Square Kilometre Array Observatory Convention, with the construction phase of the local component of the world’s largest radio telescope scheduled for mid-2021.