Senate Standing Committees on Economics Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019:

“While Ai Group supports two of the four measures proposed in the Bill, we are deeply concerned that the proposed intensity approach is not supported by convincing arguments and would create a disturbing range of anomalies and inequities. We urge that the Committee recommend that the intensity approach be shelved. In relation to the proposed increase in the cap on R&D spending, we urge that the Committee recommends that the cap be removed. Clearly a higher cap would be preferable and short of its removal, we would support the proposal to raise it from $100 million to $150 million. We also urge the Committee to recommend against the Bill having retrospective effect.”