Simon Marks-Isaacs wants to see director support in entrepreneurial areas

Thursday, 01 March 2001


    The Government has made an impressive start on facilitating greater investment on innovation in Australia. AICD is pleased with the increase to Australian Research Council grants and the boost to research infrastructure funding.

    We are also pleased with the money that's gone into establishing world-class Centres of Excellence and Technology. The work that the Government is doing with universities and colleges is undoubtedly constructive. What we are concerned about is the value and the methodology behind R&D incentives - particularly those relating to tax. Nothing seems to have done to encourage overseas companies to set up in Australia. From a director perspective very little seems to have been done to encourage experienced directors to take on board positions with entrepreneurial and necessarily higher risk companies.

    * Simon Marks-Isaacs is the deputy chairman of the AICD's Tax and Economics Committee


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