December 7, 2015
“We see this as the start of a very productive journey for the Australian economy and for job creation, “ the Chairman of the Australian Advanced Manufacturing Council, John Pollaers, said today.
“We are delighted that many of our suggestions and those of our members have been adopted. The emphasis on improving research-industry collaboration, creating a more positive culture of entrepreneurship, as well as the focus on bringing some of our taxation rules into the 21st Century, are in line with many of the things we have been asking for,” Mr Pollaers said.
“The statement’s strong support for CSIRO is to be applauded – and we welcome the Government’s steps to inspire greater focus on science, technology, engineering and mathematics (STEM) in schools.
“Our ongoing challenge is how we improve commercialisation of ideas by Australia’s successful SMEs and larger companies – and what we can do to further incentivise the retention and manufacture of IP here.
“The next step should be a focus on the businesses that are already growing, that are past that critical point in their development, and where business growth can be leveraged more quickly for job generation and breakthroughs in commercialisation,” he said.
“We congratulate Prime Minister Turnbull and Minister for Industry, Innovation and Science, the Hon. Christopher Pyne, on today’s announcement.
“We look forward to the Productivity Commission review of IP arrangements and the Federal Government’s Tax Review, expected next year.” Mr Pollaers said.
The AAMC released a major report this week into “How Australia Compares” in terms of our innovation tax competitiveness.
“We see the Government’s package of measures today as enormously positive and the start of a very productive journey for Australia,” Mr Pollaers said.