Tag: incentives

Almost 250 manufacturers go bust in six months

Posted on   |  by Brandon How
Nearly 250 manufacturers collapsed amid sustained high inflation and higher borrowing costs over the past six months, new data from Australia’s corporate watchdog shows. The increase in insolvencies comes...

Tritium shuts Brisbane factory for US manufacturing pivot

Posted on   |  by Brandon How
Australian EV charging station maker Tritium will shut its Brisbane factory in favour of consolidating its manufacturing operations in the United States, as the firm chases profitability in 2024....

Qld doubles EV rebate, total fund unchanged

Posted on   |  by Brandon How
The Queensland state government has doubled the value of zero emissions vehicle rebates for some households, but has not increased funding for the scheme. From July 1, the rebate...

CRCs need $50 million boost, says peak body

Posted on   |  by Brandon How
Cooperative Research Australia has called for a $50 million boost to the cooperative research centres program, backing recommendations made in the positive 2021 ACIL Allen review released earlier this...

Australia cautions US over hydrogen market distortion

Posted on   |  by Brandon How
The Australian government is calling on the United States to make assurances that green hydrogen production tax credits, legislated through the Inflation Reduction Act, will not distort the global...

Victoria’s $100M EV plan a ‘useful path forward’

Posted on   |  by Denham Sadler
The Victorian government’s new $100 million plan to encourage electric vehicle uptake offers a “useful path forward”, but much more work and money are required to reach its target...

End R&D tax ‘tinkering’: Cochlear

Posted on   |  by James Riley
The CFO of billion-dollar Australian firm Cochlear has urged the federal government to stop “tinkering” with the research and development tax incentive. A public hearing for the senate inquiry...