Coalition Government quietly cuts R&D spending

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By Leith van Onselen

Back in December 2015, former Prime Minister Malcolm Turnbull launched his National Innovation and Science Agenda under much fanfare.

According to Turnbull, this agenda “will invest $1.1 billion to incentivise innovation and entrepreneurship, reward risk taking, and promote science, maths and computing in schools”, and will include tax concessions and tax breaks for those that engage in start-ups.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.