Reforming the R&D Tax Incentive

The government's proposed changes to the R&D Tax Incentive will have a significant impact on how our country capitalises on its innovation strategy and competitive position, compared to peers in the global innovation ecosystem. The core services and expertise of the group revolve around R&D, IP and innovation. We are acutely aware that government innovation policy in general, and innovation incentives in particular, have a direct impact on investment in R&D in Australia, and the successful commercialisation of the resultant innovations. This in turn directly affects not only the strength of our domestic economy, but also our competitive position, regionally and globally. Attached is the submission to Treasury on their consultation paper around the proposed changes.