By Kris Gale The ATO has released Draft Taxation Determination TD 2020/D1, setting out how the ‘at-risk rule’ (section 355-405 of the Income Tax Assessment Act 1997) applies to JobKeeper payments received by a company conducting activities eligible for the R&D Tax Offset. In short, the ATO is of the view that eligible R&D activities…
Additive manufacturing technology company AML3D is rapidly expanding its Edinburgh Parks manufacturing facility north of Adelaide. The company is installing five new automated robotic welders (pictured), bringing the total at the plant to seven. The expansion of AML3D, which is commercialising a proprietary Wire Additive Manufacturing (WAM) technology, comes as the company is moving to…
Nestlé Australia has announced a $90 million upgrade one of its six local plants which manufactures Nestlé Purina PetCare pet food. The new investment at Blayney in New South Wales’ Central West brings total investment to the site to almost $200 million in the past 10 years. The upgrade will extend existing production areas and…
Composites manufacturer Quickstep has entered a new partnership to develop its Qure rapid composites processing technology for the global aerospace market. The Sydney company has joined commercial aerospace supplier Spirit Aerosystems to produce aircraft structural components using its AeroQure process. Quickstep’s Qure technology bypasses the energy-intensive autoclaving process, saving energy and time in manufacturing parts.…
@AuManufacturing’s social media discussion and networking group, the Australian Manufacturing Forum on Linkedin, has passed an important membership milestone. The Forum, Australia’s largest social media group of Australian manufacturers, passed 6,018 members this morning. The Forum has grown steadily since its founding in 2013, and with the launch of @AuManufacturing news plus Twitter and Facebook…
On the same day that there was good news from the National Covid-19 Coordination Commission – it is recommending a revival in manufacturing – the economic rationalists are hitting back, trying to block any advance for the vital sector. First, the commission taskforce on manufacturing – Channel 9 media has a leaked copy of the…
Diversified engineering company Cimic Group is to bring in an equity partner to ownership of the world’s largest mining services contractor, Thiess. Cimic announced that it was looking to sell up to 50 per cent of Thiess, strengthening CIMIC’s balance sheet. Cimic has entered into an exclusive agreement and is in advanced negotiations with funds…
Perth unmanned aerial vehicle (UAV) propulsion system manufacturer Orbital UAV has recorded strong growth and a return to profit on the back of its partnership with Boeing.
A cube-sat developed in Canberra to demonstrate state-of-the-art space technology is going through the testing phase in preparation for its planned launch in early 2021. The M2 cube-sat, a collaboration with the Royal Australian Air Force (RAAF), is the third of three developed by UNSW Canberra Space, under a $10 million contract. This testing follows…
Major Project Status has been granted by the federal government to Sun Cable’s proposed Australian-ASEAN Power Link (AAPL) linking the Northern Territory to Singapore. The project would ultimately cost billions, and includes a 15,000 hectare, 10GW solar farm, 22 gigawatt-hours of battery storage and a 3,000 kilometre long underseas power cable to take electricity to…
