The Australian Information Industry Association has expressed concerns over changes to the R&D Tax Incentive in the Federal Budget, saying that they could put the brakes on innovation by discouraging companies from local investment.
The federal government has made changes in the R&D Tax Incentive which will hit both big and small businesses, the latter to a larger extent, with the Federal Budget aiming to save $2.4 billion on the scheme over the next four years.
The Australian federal budget has opened the door for new entrants into the banking sector by changing the limitation on closely-held ownership in the relevant act, removing the Prohibition on the use of "bank" by some authorised deposit-taking bodies, and changing the bank-licensing process.
Lets hope for a Biden win in November for the worlds sake including Assange's.
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