John Devereux Deputy State Manager WA South West Focus Conference, Bunbury – 2 July 2015 AusIndustry
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Growth Sectors
Business Management Business Evaluations, Business Growth Grants, Business Growth Services, Supply Chain Facilitation Research Connections Collaboration with the research sector to develop new ideas with commercial potential Accelerating Commercialisation Services and grants to help commercialise novel products, processes or services Entrepreneurs’ Infrastructure Programme (EIP) Businesses can register at to receive programme updateswww.business.gov.au
R&D Tax Incentive Programme Broad based, market driven entitlement programme Any size company, any sector Jointly delivered by AusIndustry and the ATO Innovation and R&D
Entitlement programme for individuals / firms Up front exemption from Customs duty & GST Can mean significant cash flow advantages Tradex Import and Export
Industry Growth Centres 1.Collaboration and commercialisation; 2.Enhancing management and workforce skills; 3.Reducing regulatory burden; and 4.Engaging with international markets and global supply chains. Industry Innovation and Competitiveness Agenda
Industry Skills Fund The $476 million Industry Skills Fund: will provide up to 200,000 training places and support services over four years supports businesses to access training using a co-contribution model allocated through a competitive process Skills Advice and Training for Businesses
Objective is to help achieve Australia’s 2020 emissions reduction target of five per cent below 2000 levels $2.55 billion to establish the ERF, with further funding to be considered in future budgets Three elements: crediting → purchasing → safeguarding emissions reductions Methods Auction system Aggregation Clean Energy Regulator and Department of the Environment Emissions Reduction Fund
(Subject to passage through the Senate) Accelerated depreciation Tax cuts Wage subsidies to support employment Youth employment strategy Cutting red tape (eg. in relation to FBT, capital gains tax) Jobs and Small Business Package Small Business – Budget
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