The Albanese government has shifted ground on proposed changes to the R&D tax incentive, agreeing to extend the runway for biotech companies to claim refundable offsets from 10 to 15 years.
But the sector’s peak body says the new threshold clashes with both how biotechs actually operate and the government’s own health and research strategies, given R&D intensity only ramps up after a decade.
Treasurer Jim Chalmers released draft legislation …
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