Review of the R&D tax incentive

The Turnbull Government is encouraging feedback from Australia’s research and development (RD it’s also about established businesses doing things better to be more productive and stay competitive. The review includes recommendations to improve the effectiveness and integrity of the programme, including encouraging additional R&D expenditure and improving business-research collaboration. The Turnbull Government is committed to pursuing innovation, and the economic opportunities and jobs it will generate. That’s why it’s important to ensure the government’s significant investment in R&D is generating maximum benefit for the economy and the Australian public.