A renewed focus on research and development was the only bright spot in the Budget reply speech made by Opposition Leader Bill Shorten on Thursday, the head of Australia's national start-up advocacy group says.
A mix of large, medium-sized and small IT businesses have generally welcomed the measures in the Federal Budget that affect their industry, though the government's meddling in encryption — as evidenced in the passage of the encryption law last December — did not exactly earn many cheers.
The Federal Government has cut another $1.35 billion from its research and development tax incentive over the forward estimates, according to the Budget papers.
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