Carol Brown (Tasmania, Australian Labor Party) Share this | Hansard source

Mr President, I thank the minister for his answer and ask a supplementary question. Can the minister tell the Senate more about how the R&D tax credit will work? How does it differ from the existing R&D tax concession, which was originally introduced by Labor in the 1980s and subsequently weakened by the previous government? What additional benefits will it provide? In particular, how will it help Australia’s smaller innovative companies?