Government adds flexibility to R&D but when will incentive cuts take effect?

The end of the financial year is fast approaching, but manufacturers still do not know when controversial cuts to R&D tax incentives will apply. With the Covid-19 pandemic highlighting the role of innovation, Kris Gale calls for the federal government to abandon its reforms. The federal government is to be congratulated for announcing additionally flexibility…

More SMEs raise new equity as Covid bites

SME manufacturers are joining the rush to equity markets to help shore up their finances as the Covid-19 pandemic clouds the economic future. Keytone Dairy Corporation is the latest to announce a capital raising on the Australian exchange, succeeding in raising $12.5 million through a share placement with sophisticated investors. New shares are to be…

Manufacturing for a Post COVID World by John H. Howard

Australia has boosted its investment in medical research, but neglected those in engineering and manufacturing. Here, John H Howard, managing director of Howard Partners, calls for a national commitment to engineering and technology renewal. Australia is looking to rebuild its industrial base to achieve greater self-sufficiency in manufacturing. But we are seriously underinvesting in creating…

THC Global buys cannabis clinic network

Farm to pharmaceutical cannabis group THC Global has bought Tetra Health, a leading Australian clinic network giving it access to a potential 10,000 patients. The company, which operates two growing facilities and a pharmaceuticals biomanufacturing facility (pictured), bought Tetra for an undisclosed sum Tetra comprises 600 referring physicians, 30 prescribing physicians and a national network…