Arthur Sinodinos (NSW, Liberal Party, Cabinet Secretary) Share this | Hansard source

Landing pads are just one component of our investment in innovation—as I said before, $1.1 billion with four pillars. There are four pillars to the innovation agenda. Culture and capital: we will change Australia's innovation culture by encouraging people to learn from mistakes and experiment to find solutions. Australia will invest more in high-risk early stage firms. Rather than increasing capital gains taxes, we are reducing them for early stage investors and angel investors. We are making it easier to invest in the future. Collaboration: we will increase the level of collaboration between industry and research because it drives world-first innovation. Talent and skills: we will continue to develop and attract world-class talent and equip our workforce for the jobs of the future. Government will be an exemplar. The government will lead by example through digital transformation, investment in digital infrastructure and the encouragement of more innovative public procurement. Active government—