House debates

Monday, 22 November 2010

Tax Laws Amendment (Research and Development) Bill 2010; Income Tax Rates Amendment (Research and Development) Bill 2010

Second Reading

1:22 pm

Photo of Adam BandtAdam Bandt (Melbourne, Australian Greens) Share this | Hansard source

I will very briefly indicate the Greens’ position on the Tax Laws Amendment (Research and Development) Bill 2010. The Greens are big backers of government providing strong support for research and development in this country, and nowhere is that support more needed and its usefulness more apparent than in my electorate of Melbourne, which arguably has the highest concentration of research institutes and companies engaged in research in Australia. Since being elected, I have had the benefit of meeting many of them and touring some of their facilities. We are especially keen on making sure that research and development funds find their way to small and medium enterprises, and we have engaged in some significant consultation regarding this bill and will seek to move some amendments. But in this House we will be supporting the bill with the aim of introducing amendments and engaging in further discussions in the Senate.


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