Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

Australia has come through the global recession in better shape than almost any other advanced economy. We need to seize the advantage. Our skills, our infrastructure and, above all, our capacity to innovate will ultimately determine just how competitive this country is. That is why the government will continue to develop the nation’s innovation capacity in the year ahead. The new R&D tax credit will provide simpler and more generous incentives for business, research and development. Commercialisation Australia will take a radically new approach to getting local ideas into global markets. There are still many challenges ahead of us, but I am confident that Australian manufacturing can answer those challenges and make an even greater contribution to our prosperity. I am looking forward to hearing something from Senator Abetz on these issues, because all I have heard is hostility to manufacturing and hostility to Australian jobs. (Time expired)