South Australian households to take to smart energy appliances Five hundred South Australian households are set to go energy-smart in a new project announced by the Australian Renewable Energy Agency (ARENA) and electricity distributor SA Power Networks. ARENA is providing $6.2 million to SA Power Networks’ $13.8 million ‘Energy Masters’ project. The project will see…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – we turn to the main support mechanism available for innovation – the R&D Tax Incentive. By Kris Gale. In Minister Husic’s 3% R&D drive to survive, one constant refrain in the Government’s innovation support story is the need to make…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – we turn to the role of national industry policy. Here Roy Green points to innovation and the success of a Future Made in Australia as intertwined. While lacking detail at this stage, the significance of Prime Minister Albanese’s Future Made…
By Peter Roberts Australia has a modest R&D tax incentive programme which rewards innovative young companies with a tax refund based on their R&D spending. But those same small companies face a refund cliff should they grow too big – the scheme returns tax on the basis of R&D performed only up to a company…
a2 Milk Company grows despite decline in China market The a2 Milk Company, which pioneered the use of a2 proteins in milk as a healthy alternative, has reported positive results for 1H24. Revenue was up 3.7 percent to $812.1 million and EBITDA profit up five percent to $113.2 million despite a double-digit decline in the…
Industry organisation AusBiotech has released a new report calculating the return from the federal R&D tax incentive reached $3.14 for each dollar of forgone tax revenue. The Economic impact of the Research & Development Tax Incentive for the biotech industry report (linked here) was developed with Deloitte Access Economics, and estimates that the RDTI for…
XRF Scientific announces record full-year result Analytical laboratory instrument manufacturer XRF Scientific has announced its results for the June 2023 full-year, with sales revenue up 38 per cent to $55.2 million, net profit after tax up 26 per cent to $7.7 million, and the company paying a final fully-franked dividend of 3.3 cents per share.…
Archer moves biochip graphene sensor to commercial fab Semiconductor company Archer Materials has announced completion of a proof of concept biosensing graphene transistor for use in its biochip, and submitted the technology design to a commercial foundry to verify scalability. Archer is transferring its first-generation graphene field effect transistor (“gFET”) design to a foundry partner, …
