EXECUTIVE SUMMARY
Research, development and innovation are critical to the Australian economy and vital to the economic and social wellbeing of the community. Universities Australia is extremely concerned about the level and rate of decline of business investment in research and development (R&D) in Australia and commends efforts by the Government to arrest this downward trend.
To ensure that the decline is reversed, Universities Australia recommends that savings from amendments to the RDTI be used to invest in improving Australia’s research, development and innovation system through targeted, direct incentives and the introduction of a collaboration premium to the RDTI.