R&D spending back under the microscope

A parliamentary committee will continue its inquiry today into research and development (R&D) spending by Australian business.

The House of Representatives science and innovation committee is looking at the economic benefits for Australia through greater private sector investment in R&D.

The hearing will also examine impediments to business investment in R&D and steps needed to better demonstrate the benefits of higher private sector investment.

Public hearings have already been held in Canberra and Melbourne and the committee has heard from a range of individuals, companies and institutions including: The Tax Institute of Australia, the Australian Industry Group, Deloitte Touche Tohmatsu and the Australian Research Council.

A submission will be presented today by the Department of Industry, Tourism and Resources, which claims there has been significant growth in R&D in computer and communications services.

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More about Australian Research CouncilAustralian Research CouncilDeloitte Touche TohmatsuDeloitte Touche TohmatsuTax Institute of Australia

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