Submission: Senate Inquiry into Australia's Innovation System


Sent to the Senate Economics References Committee

Friday 31 July 2014

FSI Interim Report: Key Highlights for AVCAL Members

Selected key issues identified in the report for further investigation:

- Need to reduce barriers to PE and VC investment
- Simplification of tax treatment of Venture Capital Limited Partnerships
- Improving access to R&D quarterly tax credits by new ventures to alleviate cash flow constraints
- Improving the tax treatment of managed funds
- Reducing the complexity and cost of external administration for SMEs


Tuesday ‚Äč15 July 2014

Submission: Entrepreneurs' Infrastructure Programme


Sent to the Department of Industry

Thursday 19 June 2014

Submission: ASIC deregulatory initiatives


Sent to the Australian Securities and Investments Commission

Wednesday 18 June 2014

Submission: Thin Capitalisation Reforms: Exposure Draft Legislation


Sent to Treasury

Friday 6 June 2014

Submission to the Review of Tax Impediments Facing Small Business


Sent to the Board of Taxation

Tuesday 28 May 2014


2014-15 Federal Budget announcement

Key highlights

- IIF, Commercialisation Australia programmes abolished
- Entrepreneurs' Infrastructure Programme established
- Medical Research Future Fund established
- Corporate tax rate cut of 1.5% from 1 July 2015
- Decrease in R&D Tax Incentives by 1.5% from 1 July 2014
- Start date of new MIT tax regime deferred again to 1 Jul 2015
- Government still seeking advice on s25-90 targeted integrity rule 
- Changes to foreign resident CGT principal asset test

13 May 2014

Letter to Treasurer in response to recommendations made in the NCoA

AVCAL submitted a letter to the Treasurer, Minister for Finance and Minister for Industry expressing concern about some of the specific recommendations made by the National Commission of Audit in relation to key innovation programmes such as the Innovation Investment Fund (IIF) and Commercialisation Australia.

5 May 2014

Submission: Inquiry into the Business Innovation & Investment Program


Sent to the Joint Standing Committee on Migration

Friday 2 May 2014

AVCAL Submission: Financial System Inquiry supplementary submission


Sent to the Financial System Inquiry

Monday 28 April 2014

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