Call to give companies early access to R&D refund

Australian Manufacturing Forum member viewpoint by Kris Gale With the world attempting to come to grips with the COVID-19 situation, it’s hard to find too many opportunities for good news but recent discussion regarding the R&D Tax Incentive is one of them. As reported in @AuManufacturing news, the Senate Economics Legislation Committee (the Committee) is…

New one-stop forum for Coronavirus suppliers

The Industry Capability Network has stepped up to the plate setting up a forum where manufacturers can find information about government requirements as they tackle the spread of Covid-19. The following Requests for Information and Expressions of Interest are currently open: # The Australian Government Department of Industry, Science, Energy and Resources has released a…

Is the tax office clamping down hard on our SMEs?

By Peter Roberts Just when manufacturing SMEs are really doing it tough there is anecdotal evidence that the Australian Tax Office is coming down hard on the struggling sector. Two industry representative groups report anecdotal evidence of formerly accommodating tax office staff changing their attitude in the past week…for the worse. “One minute it was…

Manufacturer business confidence plunges – CBA

CBA bank’s latest Purchasing Managers Index (PMI) shows a massive plunge in economic activity and confidence. The March 20 index, which surveys 800 Australian companies in the manufacturing and service sectors, dropped from 49.0 to 40.7, the steepest reduction since data collection began in 2016. The survey measures how output, orders, jobs, delivery times and…

Meet The New Bill. Same As The Old Bill. (Or why the R&D incentive is under threat).

Australian Manufacturing Forum member viewpoint by Kris Gale Rock and roll fans might recognise the source material of the headline quote. It is The Who’s “Won’t Get Fooled Again” – Roger Daltrey giving voice to the entrenched frustration Pete Townshend utilised to drive that band to greater and greater heights. And so it is with…