Senate debates

Tuesday, 10 February 2015

Bills

Tax Laws Amendment (Research and Development) Bill 2013; In Committee

5:40 pm

Photo of Kim CarrKim Carr (Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science) Share this | Hansard source

Before question time I was asking the minister what impact the retrospective nature of this bill would have on companies and, in particular, about the issue of companies that seek pre-approvals of their work, which of course is standard practice. I was making the point that in the cases of companies like CSL strategic investment decisions have already been taken based on the advice received. So I would ask the minister: how many firms have received advanced approval for R&D spends in 2015-16 from AusIndustry?

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