Bob Baldwin (Paterson, Liberal Party, Parliamentary Secretary to the Minister for Industry, Tourism and Resources) Share this | Hansard source

The member opposite makes the former member for his seat look like an academic the way he carries on and asks questions. However, that being said, the reality is that Australian business now invests more than $7 billion annually in research and development. The research and development tax concessions have been and always will be a key part of our industrial performance. The fact is that since the 2001 introduction of the 175 per cent premium tax offset there has been a significant jump in the use of the program. During 2003-04—

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