Treasurer Jim Chalmers has backed down on several parts of an innovation carve out from his capital gains tax overhaul, including removing a lifetime cap on the discount investors can claim for backing young, high risk firms.
Dumping the planned cap was a key demand by the tech lobby and encourages successful startup investors to continue re-investing in more companies, but other peak groups on Friday warned too much uncertainty …
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.