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Two of Australia’s peak business bodies have welcomed the federal government’s response to its Strategic Examination of Research and Development (SERD), but the Australian Industry Group (AiGroup) has raised sharp objections to a proposal it says will actively reduce the business R&D investment the report itself identifies as critically low.
A sweeping government review of Australia’s research and development system has recommended significant changes to tax incentives, manufacturing support and R&D funding to reshape how companies invest in innovation.
