R&D boost needed for Future Made in Australia plan to fly
Australian companies that develop innovative technologies say they are disincentivised to build their products in Australia, and are calling for the Albanese government to use the budget to expand the R&D tax incentive to cover advanced manufacturing.
With the Future Made In Australia Act forming the centrepiece of Tuesday’s budget, tech leaders have warned that current tax settings make it uncompetitive to manufacture in Australia compared to other countries.
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