Malcolm Turnbull pledges $1bn to drive innovation – tax breaks for start-ups
December 7 2015, 6:22 am | | No Comments
The Australian: Malcolm Turnbull’s $1 billion innovation and science package to be unveiled today will deliver about $100 million in extra funding for the CSIRO and provide capital gains tax holidays for investing in start-up enterprises.
The Prime Minister’s first signature policy announcement since seizing power from Tony Abbott 12 weeks ago will also include a push to protect the nation’s commercial and strategic secrets from cyber attack.
Mr Turnbull will elevate innovation and science to the heart of the government by creating and chairing a special cabinet committee in a deliberate move to set a different priority to the Abbott government.