Oct 30, 2026 · 18 min · 9 segments
It was a busy week in Canberra with House of Reps sitting, Senate estimates and hearings of the Joint Select Committee on AI all week. In this NewsWrap, Justin Hendry talks through the debate on R&D…
Justin HendryHost
James RileyHost
So, well, let's start with those tax proposals, hit the Parliament, pass the lower house, and whatever fight there's going to be is going to be a fight in the Senate.
Just talk us through, because we went for the start of the week, the legislation hadn't been introduced, and by Thursday, passed.
So the bill was introduced on Tuesday and passed through the lower house on Thursday.
The government forced this on, leading to all sorts of accusations from the Liberals and Nationals over gagging debate on Shoes Day.
But yeah, the bill itself, I mean, we've been talking about it since the budget, these changes.
So this is kind of a carve out of the changes more broadly that were introduced that kind of retain the 50% carve out for startups and investors and employees of those firms with a sort of low or zero cost base.
So a lot of the attention has been focused on that and the government put those out for consultation.
It's been working with industry on that and have made some changes along the way.
which makes a bunch of changes designed to improve things for young firms and make it easier to claim, but at the same time makes it harder to claim.
Harder to claim how? Harder to claim in the sense that they will now have a cap on refundable offsets.
It's meant to sort of stimulate those very innovative claims new businesses that emerge.
So, well, let's start with those tax proposals, hit the Parliament, pass the lower house, and whatever fight there's going to be is going to be a fight in the Senate.
Just talk us through, because we went for the start of the week, the legislation hadn't been introduced, and by Thursday, passed.
So the bill was introduced on Tuesday and passed through the lower house on Thursday.
The government forced this on, leading to all sorts of accusations from the Liberals and Nationals over gagging debate on Shoes Day.
But yeah, the bill itself, I mean, we've been talking about it since the budget, these changes.
So this is kind of a carve out of the changes more broadly that were introduced that kind of retain the 50% carve out for startups and investors and employees of those firms with a sort of low or zero cost base.
So a lot of the attention has been focused on that and the government put those out for consultation.
It's been working with industry on that and have made some changes along the way.
which makes a bunch of changes designed to improve things for young firms and make it easier to claim, but at the same time makes it harder to claim.
Harder to claim how? Harder to claim in the sense that they will now have a cap on refundable offsets.
It's meant to sort of stimulate those very innovative claims new businesses that emerge.
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