Read all the latest news from Brendan O'Connor MP
Researchers and manufacturers have told the Senate Committee reviewing the Research and Development Tax Incentive (RDTI), that the Government’s planned changes lacked consultation and will reduce Australia’s attractiveness as a place to conduct research, costing Australian jobs and slowing economic recovery.
Read MoreNew ABS data today confirms that around 670,000 payroll jobs have been lost since the virus outbreak.
Read MoreThe Grattan Institute has added its voice to the broad and growing concern about the Morrison Government’s current plan to “snapback” economic support in September in a major new report which highlights the risk to recovery of a rapid withdrawal of assistance.
Read MoreAt a time when the Government likes to praise our manufacturers for stepping up to the plate and helping Australia through COVID-19 health pandemic, they also want to cut $1.8 billion from the Research and Development Tax Incentive (RDTI).
Read MoreMore evidence has highlighted the economic burden being carried by young Australians, revealing the COVID-19 recession could cost young people up to $7 billion in lost wages over a decade.
Read MoreNew data has confirmed the devastating impact of this recession on Australian workers.
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